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Tuesday, 25 March 2014
Page: 1908

Second Reading

Debate resumed on the motion:

That this bill be now read a second time.

to which the following amendment was moved:

   At the end of the motion, add:

      "but the Senate calls on the Government to recognise that the benefits of the mining boom should be enjoyed by all Australian society by:

   (a) applying a 40% tax rate to all minerals,

   (b) rebating only those royalties that were in place at July 2011, and

   (c) allowing depreciation on the book value of the amounts actually spent on mining infrastructure only."