House of Representatives Committees

| House of Representatives Standing Committee on Economics

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Advisory Report on the Minerals Resources Rent Tax Bill 2011 and related Bills

21 November 2011

View the report as a single document - (PDF 866KB)

View the report as separate downloadable parts:


Preliminary Pages	(PDF 94KB)

Chapter 1 Introduction	(PDF 78KB)
Referral of the bills Origins and purpose of the bills Minerals rent taxation Background Australia’s Future Tax System review Consultation in the development of the MRRT Policy drivers Superannuation Objectives and scope of the inquiry Conduct of the inquiry

Chapter 2 Overview of the Bills	(PDF 119KB)
Mineral Resource Rent Tax Bills 2011 Existing taxes Basic operation of the MRRT What resources are covered by the MRRT Date of effect and financial impact Consequential Bills Petroleum Resource Rent Tax Amendment Bills 2011 Imposition Bills for the PRRT Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011 Small business depreciation Small business deductions for motor vehicles Low income superannuation contribution Superannuation Guarantee (Administration) Amendment Bill 2011 Raising the superannuation guarantee age limit from 70 to 75 Increasing the superannuation guarantee charge percentage to 12 per cent

Chapter 3 Operation and impact of the MRRT	(PDF 116KB)
Impact of the Bills on small miners – overview Small and emerging miners Analysis Conclusion Transition arrangements and the starting base Analysis Conclusion Concessions for small and emerging miners Analysis Conclusion Compliance costs on small and emerging miners Analysis Conclusion The emerging magnetite industry Analysis Conclusion Modelling and revenue estimates Analysis Conclusion Mining investment growth Analysis Conclusion Constitutionality Analysis Conclusion

Chapter 4 Sharing the benefits of the mining boom	(PDF 121KB)
Introduction Mining profits and a fair share for Australians Concessions for small business Small business asset write off and deduction for motor vehicles Concessions for workers Raising the SG age limit Low income superannuation contribution Regional Infrastructure Fund Overall conclusions

Appendix A – Submissions and exhibits	(PDF 30KB)

Appendix B – Hearings and witnesses	(PDF 50KB)

Appendix C – List of advisory reports	(PDF 30KB)

Dissenting Report	(PDF 90KB)