Business

Mining Tax nets no cash in its first quarter

CROSS-BENCH MPs will push for the government to make changes to the mining tax, after the tax netted no government revenue in its first quarter earlier this year.

Greens MP Adam Bandt will introduce a bill to make changes to the minerals resource rent tax (MRRT), after party leader Senator Christine Milne tabled the same bill in the upper house.

Mr Bandt said the changes would ensure some $2.2 billion in government revenue would end up in the Commonwealth coffers so deliver disability, dental health, and education reforms.

"By caving in on the mining tax, the government has given the keys to the Commonwealth coffers to the states," said Mr Bandt.

"I am very please that my cross-bench colleagues have thrown their weight behind the Greens' bill.

"Given the support in the House, the government now has no excuse not to accept the Greens' proposal and fix this revenue hole."

He was joined by independent MP Rob Oakeshott, who will second the bill for debate.

The pair said the bill would ensure the tax would bring in revenue, as well as remove the need to reimburse state royalties under the tax.

Mr Bandt said he was concerned the government would not deliver its numerous promises to the nation.

He also feared the pushing of such financial investments out to 2020 could jeopardise the future of the National Disability Insurance Scheme and Denticare.

Mr Oakeshott said he would back the Greens' bill on the grounds he was also worried the government could not deliver either its surplus for 2012-13, or its existing promises.

Topics:  adam bandt, greens, mining tax, rob oakeshott


Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Councillors’ election promise to deliver CBD project questioned

DOUBT: Andrew Antoniolli, Paul Pisasale and Paul Tully announce the lagoon project in February.

Councillors’ election promise to deliver CBD project questioned

Images of our shameful past

FOUND: Wade Thompson and Henry Thompson Jr at the Deebing Creek Mission Cemetery.

Images of our shameful past

Show out to deliver the thrills

The Safari Zoo is expected to be a big attraction for the kids.

Show out to deliver the thrills s

Latest deals and offers

Greyhound trainer brought possums to use as live bait

A FORMER leading greyhound trainer has escaped serving actual time behind bars for his role in sickening live baiting practices.

BREAKING: Police say man not armed, still on the run

MAN HUNT: Police are patrolling the West Ipswich area looking for an armed man.

Police said the search began with a stolen car being found.

How to be a farmer when you're allergic to your crop

Rob Hutchings from Freshwater Crayfish Traders at Tarome.

VIDEO: Crayfish invasion hits the Scenic Rim.

UPDTATE: Mum hopes $1000 is enough for Down syndrome boy

Peak Crossing State School will apply for funding to keep Nixon in Prep.

VIDEO: Department of Education offer additional funding to Nixon

Elderly man beaten with baseball bat

Police generic, crime scene.  Photo Tessa Mapstone / South Burnett Times

Police reveal victim in hospital after altercation with robber

“My dog ate my false teeth!”

DR TOOTHLESS: Goodna greyhound trainer Kerion Butler had his false teeth eaten by his prize dog Eleazar, so he’s superglued some old army-issue dentures together (inset) until he can afford some new ones.

“So that is how I lost my teeth"

Learn to empower business with guest speaker

Damian Morgan will exchange ideas with some of Ipswich's business leaders during a series of free seminars he will be holding at the Ipswich Civic Centre on Wednesday June 15.

Damian Morgan to speak at business leaders seminar

Justice Lucy McCallum

Justice Lucy McCallum

Justice Lucy McCallum says she reduced Oliver Curtis's sentence due to comments...

Perisher has 50cm of snow

Resort to open after 50cm of snow.

Smiggin Holes and Blue Cow to open after 50cm of snaow falls in Perisher valley.

F1 pit stop in 1.92 seconds

Williams team make 1.92 second pit stop.

Williams Formula 1 team change all four tyres in equal fastest time ever.

Is this state’s cheapest house?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward

Rockhampton property in a lull, but a change is coming

Rockhampton's housing market in "pre-election mode"