Minerals Resource Rent Tax Bill 2011 [Provisions] and related bills

14 March 2012

© Commonwealth of Australia 2012
ISBN 978-1-74229-603-6

View the report as a single document - (PDF 2489KB)

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View the report as separate downloadable parts:

Membership of Committee	(PDF 52KB)
Acronyms and abbreviations	(PDF 49KB)
Executive Summary	(PDF 109KB)
Chapter 1 - Introduction	(PDF 68KB)
Conduct of the inquiry Examination by the Senate Scrutiny of Bills Committee Outline of the report
Chapter 2 - The mining boom and the MRRT	(PDF 266KB)
The economic environment Why a resource rent tax? The Minerals Resource Rent Tax package Views on the MRRT Committee view
Chapter 3 - How the Minerals Resource Rent Tax works	(PDF 98KB)
Overview of the MRRT
Chapter 4 - Revenue from the Minerals Resource Rent Tax	(PDF 253KB)
Introduction Factors affecting the revenue projection Concluding comments
Chapter 5 - Concerns of small and emerging miners	(PDF 285KB)
Introduction Competitive neutrality and unfairness Low profit offset The simplified MRRT method and the alternative valuation method Other issues Concerns of the magnetite industry Constitutional concerns Concluding comments
Chapter 6 - Extension of the Petroleum Resource Rent Tax	(PDF 310KB)
The Petroleum Resource Rent Tax Overview of the proposed extension Provisions of the Bills Committee view
Chapter 7 - Using the benefits of the mining boom to increase retirement savings	(PDF 400KB)
Retirement income in Australia Overview of the measures Fiscal implications of the measures Views on the increased superannuation guarantee charge Assessment of the impact of a higher SG charge on employers Other issues Views on abolishing the SG charge age limit Views on the low income superannuation contribution Committee view
Chapter 8 - Using the benefits of the mining boom to assist small businesses	(PDF 82KB)
Abolishing the entrepreneurs' tax offset Increasing the small business instant asset write-off threshold and simplified asset depreciation Submitters' views Committee view
Dissenting Report by Coalition Senators - Mining tax: a bad tax out of a bad process	(PDF 370KB)
Minority report by the Australian Greens - Executive summary	(PDF 315KB)
Conduct of the inquiry The mining boom and the Australian economy The tax paid by mining companies Resource rent taxes Estimates of revenues from MRRT and RSPT The MRRT rate Minerals covered by the MRRT The MRRT and state royalties The uplift rate Starting base and depreciation arrangements The taxing point Refundability of losses Other concerns raised by the mining industry Review of the MRRT Retirement income adequacy Compulsory superannuation Who bears the cost of increasing the SG? Impact of expanding superannuation assets Tax concessions for superannuation
APPENDIX 1 - Submissions received	(PDF 79KB)
APPENDIX 2 - Public hearings and witnesses	(PDF 56KB)

For further information, contact:

Department of the Senate
PO Box 6100
Parliament House
Canberra ACT 2600
Australia

Phone:	+61 2 6277 3540
Fax:	+61 2 6277 5719
Email:	economics.sen@aph.gov.au