Footnotes

Chapter 1 - Introduction and conduct of the inquiry

[1]        The Treasury, 'MRRT Repeal and related measures,' http://treasury.gov.au/ConsultationsandReviews/Consultations/2013/MRRT-and-related-measures-Repeal.

[2]        Senate Economics References Committee, Development and Operation of the Minerals Resource Rent Tax, May 2013, pp. 2-7.

[3]        The MRRT also applies to anything produced from a process that results in iron ore being consumed or destroyed without extraction.

[4]        Senate Economics References Committee, Development and Operation of the Minerals Resource Rent Tax, May 2013, pp. 7-12.

[5]        Explanatory Memorandum, Minerals Resource Rent Tax Repeal and Other Measures Bill 213, pp. 47-48.

[6]        The Hon Joe Hockey MP, House of Representatives Proof Hansard, 13 November 2013, p. 23.

[7]        See, in particular, Senate Economics References Committee, Development and Operation of the Minerals Resource Rent Tax, May 2013, p. 13.

[8]        Senate Economics References Committee, Development and Operation of the Minerals Resource Rent Tax, May 2013, p. 39.

[9]        The Hon Joe Hockey MP, House of Representatives Proof Hansard, 13 November 2013, p. 21.

[10]      Explanatory Memorandum, pp. 51-52.

[11]      This table has been created using two tables contained in the Explanatory Memorandum,
pp. 15, 26-28.

[12]      This table is reproduced as it appears in the Explanatory Memorandum, p. 7.

Chapter 2 - Views on the Bill

[1]        Mr David Richardson, Senior Research Fellow, The Australia Institute, Proof Committee Hansard, p. 2.

[2]        Mr Tim Lyons, Assistant Secretary, Australian Council of Trade Unions, Proof Committee Hansard, p. 2.

[3]        Ms Jacqui Phillips, Director of Policy and Campaigns, Australian Council of Social Service, Proof Committee Hansard, p. 8.

[4]        Australian Chamber of Commerce and Industry, Submission 18, p. 2.

[5]        Mr Peter Anderson, Chief Executive, Australian Chamber of Commerce and Industry, Proof Committee Hansard, p. 11.

[6]        Mr Robert Heferen, Executive Director Revenue Group, Treasury, Proof Committee Hansard, p. 35.

[7]        Mr Tim Lyons, Assistant Secretary, Australian Council of Trade Unions, Proof Committee Hansard, pp. 3–4; Construction, Forestry, Mining and Energy Union, Submission 3, pp. 3, 5; Shop, Distributive and Allied Employees' Association, Submission 5, p. 1.

[8]        Mr Peter Davidson, Senior Advisor, Australian Council of Social Service, Proof Committee Hansard, p. 2.

[9]        Mr David Richardson, Senior Research Fellow, The Australia Institute, Proof Committee Hansard, p. 1; and Dr Richard Denniss, Executive Director, The Australia Institute, Proof Committee Hansard, p. 2.

[10]      Dr John Kunkel, Deputy Chief Executive Officer, Minerals Council of Australia, Proof Committee Hansard, p. 20.

[11]      Dr John Kunkel, Deputy Chief Executive Officer, Minerals Council of Australia, Proof Committee Hansard, pp. 21–22.

[12]      Mr Simon Bennison, Chief Executive Officer, Association of Mining and Exploration Companies, Proof Committee Hansard, pp. 27–28.

[13]      Dr John Kunkel, Deputy Chief Executive Officer, Minerals Council of Australia, Proof Committee Hansard, p. 21.

[14]      Mr Robert Heferen, Executive Director Revenue Group, Treasury, Proof Committee Hansard, p. 40.

[15]      Dr John Kunkel, Deputy Chief Executive Officer, Minerals Council of Australia, Proof Committee Hansard, p. 21.

[16]      Chamber of Minerals and Energy of Western Australia, Submission 2, p. 2.

[17]      Australian Chamber of Commerce and Industry, Submission 18, p. 1; Mr Peter Anderson, Chief Executive, Australian Chamber of Commerce and Industry, Proof Committee Hansard, p. 9.

[18]      Ai Group, Submission 22, p. 2.

[19]      Fortescue Metals Group, Submission 10, p. 1.

[20]      Mr Marcus Hughes, Group Tax Manager, Fortescue Metals Group, Hunt and Brown, Proof Committee Hansard, p. 29.

[21]      Mr Simon Bennison, Chief Executive Officer, Association of Mining and Exploration Companies, Proof Committee Hansard, p. 25.

[22]      Mr Simon Bennison, Chief Executive Officer, Association of Mining and Exploration Companies, Proof Committee Hansard, p. 26.

[23]      Dr John Kunkel, Deputy Chief Executive Officer, Minerals Council of Australia, Proof Committee Hansard, p. 24.

[24]      Mr Robert Heferen, Executive Director Revenue Group, Treasury, Proof Committee Hansard, p. 33.

[25]      Explanatory Memorandum, pp. 53–54.

[26]      Mr Simon Bennison, Chief Executive Officer, Association of Mining and Exploration Companies, Proof Committee Hansard, p. 25.

[27]      Mr Marcus Hughes, Group Tax Manager, Fortescue Metals Group, Proof Committee Hansard, p. 30.

[28]      Atlas Iron, Submission 16, pp. 1–2.

[29]      Mr Peter Anderson, Chief Executive, Australian Chamber of Commerce and Industry, Proof Committee Hansard, p. 11.

[30]      Dr John Kunkel, Deputy Chief Executive Officer, Minerals Council of Australia, Proof Committee Hansard, p. 21.

[31]      Dr John Kunkel, Deputy Chief Executive Officer, Minerals Council of Australia, Proof Committee Hansard, p. 24.

[32]      Mr Michael Young, Non-Executive Director, BC Iron Limited, Proof Committee Hansard,
p. 28.

[33]      Mr Michael Young, Non-Executive Director, BC Iron Limited, Proof Committee Hansard,
pp. 28–29.

[34]      Mr Michael Young, Non-Executive Director, BC Iron Limited, Proof Committee Hansard,
p. 29.

[35]      Mr Simon Bennison, Chief Executive Officer, Association of Mining and Exploration Companies, Proof Committee Hansard, p. 25.

[36]      Mr Simon Bennison, Chief Executive Officer, Association of Mining and Exploration Companies, Proof Committee Hansard, p. 26.

[37]      Mr Simon Bennison, Chief Executive Officer, Association of Mining and Exploration Companies, Proof Committee Hansard, p. 26.

[38]      Dr John Kunkel, Deputy Chief Executive Officer, Minerals Council of Australia, Proof Committee Hansard, p. 20.

[39]      Dr John Kunkel, Deputy Chief Executive Officer, Minerals Council of Australia, Proof Committee Hansard, p. 20.

[40]      Mr Tim Lyons, Assistant Secretary, Australian Council of Trade Unions, Proof Committee Hansard, p. 4.

[41]      Mr Tim Lyons, Assistant Secretary, Australian Council of Trade Unions, Proof Committee Hansard, p. 4.

[42]      Construction, Forestry, Mining and Energy Union, Submission 3, p. 6.

[43]      Ai Group, Submission 22, p. 2

[44]      Dr Peter Burn, Director, Public Policy, Australian Industry Group, Proof Committee Hansard, p. 10.

[45]      Real Estate Institute of Australia, Submission 4, p. 2.

[46]      Dr Peter Burn, Director, Public Policy, Australian Industry Group, Proof Committee Hansard, p. 9.

[47]      Dr Peter Burn, Director, Public Policy, Australian Industry Group, Proof Committee Hansard, p. 12.

[48]      Dr Peter Burn, Director, Public Policy, Australian Industry Group, Proof Committee Hansard, p. 10.

[49]      Ai Group, Submission 22, p. 3.

[50]      The Australia Institute, Submission 15, p. 15.

[51]      Ai Group, Submission 22, p. 3.

[52]      Mr Tim Lyons, Assistant Secretary, Australian Council of Trade Unions, Proof Committee Hansard, p. 4.

[53]      Financial Planning Association of Australia, Submission 6, pp. 2–4.

[54]      Industry Super Australia, Submission 19, p. 1.

[55]      ASFA, Submission 11, p. 2.

[56]      Mercer, Submission 8, pp. 2–3.

[57]      Financial Services Council, Submission 9, p. 4.

[58]      Australian Institute of Superannuation Trustees, Submission 12, p. 1.

[59]      Australian Chamber of Commerce and Industry, Submission 18, p. 1.

[60]      Australian Chamber of Commerce and Industry, Submission 18, p. 1.

[61]      Australian Chamber of Commerce and Industry, Submission 18, p. 2.

[62]      Ai Group, Submission 22, pp. 3–4.

[63]      Industry Super Australia, Submission 19, p. 3.

[64]      Financial Planning Association of Australia, Submission 6, p. 1.

[65]      Financial Planning Association of Australia, Submission 6, pp. 1–2.

[66]      Mercer, Submission 8, p. 3. 

[67]      Mr Peter Davidson, Senior Advisor, Australian Council of Social Service, Proof Committee Hansard, p. 5.

[68]      Mr Peter Davidson, Senior Advisor, Australian Council of Social Service, Proof Committee Hansard, p. 2.

[69]      Mr Peter Davidson, Senior Advisor, Australian Council of Social Service, Proof Committee Hansard, p. 5.

[70]      Mr Tim Lyons, Assistant Secretary, Australian Council of Trade Unions, Proof Committee Hansard, p. 5.

[71]      Mr Matt Cowgill, Economic Policy Officer, Australian Council of Trade Unions, Proof Committee Hansard, p. 5.

[72]      Mr Tim Lyons, Assistant Secretary, Australian Council of Trade Unions, Proof Committee Hansard, p. 4.

[73]      Financial Services Council, Submission 9, p. 2.

[74]      Financial Services Council, Submission 9, p. 2.

[75]      Mr Tim Lyons, Assistant Secretary, Australian Council of Trade Unions, Proof Committee Hansard, p. 4;

[76]      Ms Robbie Campo, Deputy Chief Executive, Industry Super Australia, Proof Committee Hansard, p. 14.

[77]      Ms Robbie Campo, Deputy Chief Executive, Industry Super Australia, Proof Committee Hansard, p. 14.

[78]      Mr Matthew Linden, Director, Government Relations, Industry Super Australia, Proof Committee Hansard, pp. 16–17.

[79]      Ms Catherine Wood, National Chair and Spokesperson, Women in Super, Proof Committee Hansard, pp. 15–16.

[80]      Mr David Haynes, Executive Manager, Policy and Research, Australian Institute of Superannuation Trustees, Proof Committee Hansard, p. 15.

[81]      Mr Matthew Linden, Director, Government Relations, Industry Super Australia, Proof Committee Hansard, p. 19.

[82]      Mr Ross Clare, Director, Research, Association of Superannuation Funds of Australia, Proof Committee Hansard, p. 15.

[83]      Mr Matthew Linden, Director, Government Relations, Industry Super Australia, Proof Committee Hansard, p. 19.

[84]      Ai Group, Submission 22, p. 4.

[85]      Ms Ruth Gabbitas, Manager Contributions and Accumulations Units, Treasury, Proof Committee Hansard, p. 37.

[86]      Mercer, Submission 8; Financial Services Council, Submission 9, p. 3; Mr Matthew Linden, Director, Government Relations, Industry Super Australia, Proof Committee Hansard, p. 18.

[87]      Mercer, Submission 8, p. 3.

[88]      Mr Robert Heferen, Executive Director Revenue Group, Treasury, Proof Committee Hansard, p. 41.

[89]      Ms Jacqui Phillips, Director of Policy and Campaigns, Australian Council of Social Service, Proof Committee Hansard, pp. 1–2.

[90]      Ms Jacqui Phillips, Director of Policy and Campaigns, Australian Council of Social Service, Proof Committee Hansard, p. 2.

[91]      Ms Jacqui Phillips, Director of Policy and Campaigns, Australian Council of Social Service, Proof Committee Hansard, p. 2.

[92]      Shop, Distributive and Allied Employees' Association, Submission 5, p. 2.

[93]      Ms Georgina Cross, Submission 20; National Welfare Rights Network, Submission 24.

[94]      Ms Jacqui Phillips, Director of Policy and Campaigns, Australian Council of Social Service, Proof Committee Hansard, p. 1.

[95]      Ai Group, Submission 22, p. 4.

[96]      Mr Robert Heferen, Executive Director Revenue Group, Treasury, Proof Committee Hansard, p. 38.

Dissenting Report by Labor Members

[1]        See for example, Shop, Distributive & Allied Employees' Association, Submission 5; ACTU, Submission 7; Ms Georgina Cross, Submission 20; Australian Council of Social Service, Submission  21; Committee Hansard, 27 November 2013, p. 1; and National Welfare Rights Network, Submission 24.

[2]        Explanatory Memorandum, paragraph 2.7.

[3]        National Welfare Rights Network, Submission 24, p. 1.

[4]        National Welfare Rights Network, Submission 24, p. 1.

[5]        See National Welfare Rights Network, Submission 24, p. 1.

[6]        National Welfare Rights Network, Submission 24, p. 1.

[7]        Australian Council of Social Service, Submission 21, p. 2.

[8]        Australian Council of Social Service, Submission 2, pp. 2–3.

[9]        See for example, Shop, Distributive & Allied Employees' Association, Submission 5, p. 1.

[10]      Australian Council of Social Service, Submission 21, p. 3.

[11]      Australian Council of Social Service, Submission 21, p. 3.

[12]      Australian Council of Social Service, Submission 21, p. 3.

[13]      Australian Council of Social Service, Submission 21, p. 3 and Committee Hansard, 27 November 2013, p. 2.

[14]      See answers provided by Mr Hefferen, Committee Hansard, 27 November 2013, p. 38

[15]      National Welfare Rights Network, Submission 24, p. 2.

[16]      Submission 5, p. 2.

[17]      Shop, Distributive & Allied Employees' Association, Submission 5, p. 2.

[18]      Committee Hansard, 27 November 2013, p. 2.

[19]      Mr Peter Davidson, Committee Hansard, 27 November 2013, p. 7.

[20]      Ms Jacqui Phillips, Committee Hansard, 27 November 2013, p. 8.

[21]      See for example, National Welfare Rights Network, Submission 24, p. 3.

[22]      See for example, Association of Superannuation Funds Australia Ltd, Submission 11, p. 3.

[23]      Australian Council of Social Service, Submission 21, p. 4.

[24]      Submission 9, p. 2.

[25]      Australian Council of Social Service, Submission 21, pp. 4–5.

[26]      Submission 15, p. 17.

[27]      See for example, Australian Council of Social Service, Submission 21, p. 4.

[28]      Explanatory Memorandum, paragraph 2.7.

[29]      Committee Hansard, 27 November 2013, p. 5.

[30]      Australian Council of Social Service, Submission 21, p. 4

[31]      Australian Council of Social Service, Submission 21, p. 5.

[32]      Mr Peter Davidson, Committee Hansard, 27 November 2013, p. 5.

[33]      Submission 8, p. 3.

[34]      Committee Hansard, 27 November 2013, p. 2.

[35]      See Australian Council of Social Service, Submission 21, p. 4.

[36]      Dr Richard Denniss, Committee Hansard, 27 November 2013, p. 5.

[37]      Mr Tim Lyons, Committee Hansard, 27 November 2013, p. 5.

[38]      Mr David Haynes, Committee Hansard, 27 November 2013, p. 15.

[39]      Submission 7, p. 8.

[40]      Mr Tim Lyons, Committee Hansard, 27 November 2013, p. 4.

[41]      National Welfare Rights Network, Submission 24, p. 3.

[42]      Submission 19, p. 4.

[43]      Submission 7, p. 9.

[44]      Submission 19, p. 3.

[45]      Committee Hansard, 27 November 2013, p. 16.

[46]      Submission 19, p. 8.

[47]      Committee Hansard, 27 November 2013, p. 38.

[48]      Submission 19, p. 9 (emphasis in original).

[49]      Submission 9, p. 2.

[50]      Submission 13, p. 2.

[51]      Explanatory Memorandum, paragraph 2.7.

[52]      The Australian Industry Group, Submission 22, p. 3.

[53]      Explanatory Memorandum, paragraph 2.7.

[54]      The Australian Industry Group, Submission 22, p. 3.

[55]      Submission 22, p. 4.

[56]      Submission 19, p. 7.

[57]      Submission 8, p. 1.

[58]      Submission 7, p. 9.

[59]      Submission 19, p. 4.

[60]      Financial Planning Association of Australia, Submission 6, p. 2.

[61]      Committee Hansard, 27 November 2013, pp. 15–16.

[62]      The Treasurer, the Hon Joe Hockey MP, Second Reading Speech.

[63]      Committee Hansard, 27 November 2013, p. 17.

[64]      Submission 3, p. 6.

[65]      Submission 19, 7.

[66]      Mr Ross Clare, Committee Hansard, 27 November 2013, p. 14.

[67]      Submission 12, p. 5.

[68]      Submission 22, p. 3.

[69]      See paragraph 1.73.

[70]      Explanatory Memorandum, paragraph 2.11.

[71]      Mr Tim Lyons, Committee Hansard, 27 November 2013, p. 4.

[72]      The Treasury, Submission 23, p. 3.

[73]      The Australian Industry Group, Submission 22, p. 2.

[74]      The Treasury, Submission 23, p. 3.

[75]      See for example, the Australian Industry Group, Submission 22, p. 2; ACTU, Submission 7, p. 5 and Australian Chamber of Commerce and Industry, Submission 18, p. 2.

[76]      Explanatory Memorandum , paragraph 2.7.

[77]      Dr Peter Burn, Committee Hansard, 27 November 2013, p. 10.

[78]      Dr Peter Burn, Committee Hansard, 27 November 2013, p. 10.

[79]      ACTU, Submission 7, pp. 4–5.

[80]      ACTU, Submission 7, p. 5.

[81]      Explanatory Memorandum, paragraph 2.7.

[82]      Dr Peter Burn, Committee Hansard, 27 November 2013, p. 10.

[83]      Dr Peter Burn, Committee Hansard, 27 November 2013, p. 12.

[84]      Dr Peter Burn, Committee Hansard, 27 November 2013, p. 10.

[85]      Explanatory Memorandum, paragraph 2,7.

[86]      The Australian Industry Group, Submission 22, p. 2.

[87]      Real Estate Institute of Australia, Submission 4.

[88]      Submission 4, p. 2.

[89]      Mr Peter Anderson, Committee Hansard, 27 November 2013, pp. 10–11.

[90]      Mr Robert Heferen, Committee Hansard, 27 November 2013, pp. 39–40.

[91]      Submission 22, p. 1.

[92]      Submission 18, p. 2.

[93]      Submission 15, p. 19.

[94]      Submission 15, p. 19.

[95]      The Treasurer, the Hon Joe Hockey MP, Second Reading Speech.

[96]      The Treasury, Submission 23, p. 3.

[97]      Committee Hansard, 27 November 2013, pp. 22–23.

[98]      See the Australia Institute, Submission 15, p. 2.

[99]      Submission 16, p. 2.

[100]    The Treasurer, the Hon Joe Hockey MP, Second Reading Speech.

[101]    Committee Hansard, 27 November 2013, p. 35. See also Explanatory Memorandum, paragraphs 3.37–3.39, p. 54.

[102]    See Australian Council of Trade Unions, Submission 7, p. 3.

[103]    Submission 15, p. 14.

[104]    Dr Richard Denniss, Committee Hansard, 27 November 2013, pp. 3, 5.

[105]    See for example, Mr Peter Davidson, ACOSS, Committee Hansard, 27 November 2013, p. 2.

[106]    Mr David Richardson, Committee Hansard, 27 November 2013, p. 2.

[107]    Shop, Distributive & Allied Employees Association, Submission 5.

[108]    ACTU, Submission 7, p. 3.

[109]    CFMEU, Submission 3, p. 2.

[110]    CFMEU, Submission 3, p. 2.

[111]    CFMEU, Submission 3, p. 3.

[112]    CFMEU, Submission 3, p. 4.

[113]    Committee Hansard, 27 November 2013, p. 8.

[114]    Committee Hansard, 27 November 2013. p. 1.

[115]    For example see Ms Jacqui Phillips, Committee Hansard, 27 November 2013, p. 1, Mr Davidson, Committee Hansard, 27 November 2013, p. 7. Also refer to paragraph 1.28 citing Women in Super, which was of the view that the funding link between the MRRT and the LISC should be broken and funding for the LISC should be drawn from alternative sources.

[116]    Committee Hansard, 27 November 2013. p. 1.

[117]    The Financial Planning Association of Australia, Submission 6, p. 1.

[118]    Australian Institute of Superannuation Trustees, Submission 12, p. 5.

[119]    Mr Peter Anderson, Committee Hansard, 27 November 2013, pp. 10–11.

[120]    The Financial Planning Association of Australia, Submission 6.