Division Description Changes — Bills — Minerals Resource Rent Tax Bill 2011, Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011, Minerals Resource Rent Tax (Imposition — General) Bill 2011, Minerals Resource Rent Tax (Imposition — Customs) Bill 2011, Minerals Resource Rent Tax (Imposition — Excise) Bill 2011, Petroleum Resource Rent Tax Assessment Amendment Bill 2011, Petroleum Resource Rent Tax (Imposition — General) Bill 2011, Petroleum Resource Rent Tax (Imposition — Customs) Bill 2011, Petroleum Resource Rent Tax (Imposition — Excise) Bill 2011, Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011, Superannuation Guarantee (Administration) Amendment Bill 2011; Consideration in Detail — 22nd Nov 2011

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representatives vote 2011-11-22#2 Edited by system on 2014-10-07 16:21:33	Title Description The majority voted against an [http://www.openaustralia.org/debates/?id=2011-11-22.119.1 amendment] introduced by Nationals MP [http://publicwhip-test.openaustraliafoundation.org.au/mp.php?mpn=Tony_Crook&mpc=O%26%2339%3BConnor&house=representatives Tony Crook]. The amendment ensures that smaller miners will not have minerals resources rent tax('MRRT') liability until one of the mature miners pays the tax. MP Crook explains that "due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years" ~~''Background to the bill''~~ The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax minerals resource rent tax] ('MRRT').(Read more about the MRRT [http://www.ato.gov.au/Business/Minerals-resource-rent-tax/ here].) The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore. ~~The eleven bills are:~~ * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4712 Minerals Resource Rent Tax Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4710 Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4705 Minerals Resource Rent Tax (Imposition—General) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4701 Minerals Resource Rent Tax (Imposition—Customs) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4703 Minerals Resource Rent Tax (Imposition—Excise) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4711 Petroleum Resource Rent Tax Assessment Amendment Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4706 Petroleum Resource Rent Tax (Imposition—General) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4702 Petroleum Resource Rent Tax (Imposition—Customs) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4704 Petroleum Resource Rent Tax (Imposition—Excise) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4709 Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4698 Superannuation Guarantee (Administration) Amendment Bill 2011] ~~References~~ The majority voted against an [amendment](http://www.openaustralia.org/debates/?id=2011-11-22.119.1) introduced by Nationals MP [Tony Crook](http://publicwhip-rails.openaustraliafoundation.org.au/mp.php?mpn=Tony_Crook&mpc=O%26%2339%3BConnor&house=representatives). The amendment ensures that smaller miners will not have minerals resources rent tax('MRRT') liability until one of the mature miners pays the tax. MP Crook explains that "due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years" _Background to the bill_ The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [minerals resource rent tax](http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax) ('MRRT').(Read more about the MRRT [here](http://www.ato.gov.au/Business/Minerals-resource-rent-tax/).) The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore. The eleven bills are: - [Minerals Resource Rent Tax Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4712) - [Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4710) - [Minerals Resource Rent Tax (Imposition—General) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4705) - [Minerals Resource Rent Tax (Imposition—Customs) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4701) - [Minerals Resource Rent Tax (Imposition—Excise) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4703) - [Petroleum Resource Rent Tax Assessment Amendment Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4711) - [Petroleum Resource Rent Tax (Imposition—General) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4706) - [Petroleum Resource Rent Tax (Imposition—Customs) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4702) - [Petroleum Resource Rent Tax (Imposition—Excise) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4704) - [Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4709) - [Superannuation Guarantee (Administration) Amendment Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4698) References
representatives vote 2011-11-22#2 Edited by system on 2014-10-07 16:16:57	Title Description The majority voted against an [http://www.openaustralia.org/debates/?id=2011-11-22.119.1 amendment] introduced by Nationals MP [http://publicwhip-test.openaustraliafoundation.org.au/mp.php?mpn=Tony_Crook&mpc=O%26%2339%3BConnor&house=representatives Tony Crook]. The amendment ensures that smaller miners will not have minerals resources rent tax('MRRT') liability until one of the mature miners pays the tax. MP Crook explains that "due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years" ''Background to the bill'' The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax minerals resource rent tax] ('MRRT').[1] The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore. The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax minerals resource rent tax] ('MRRT').(Read more about the MRRT [http://www.ato.gov.au/Business/Minerals-resource-rent-tax/ here].) The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore. The eleven bills are: * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4712 Minerals Resource Rent Tax Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4710 Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4705 Minerals Resource Rent Tax (Imposition—General) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4701 Minerals Resource Rent Tax (Imposition—Customs) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4703 Minerals Resource Rent Tax (Imposition—Excise) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4711 Petroleum Resource Rent Tax Assessment Amendment Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4706 Petroleum Resource Rent Tax (Imposition—General) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4702 Petroleum Resource Rent Tax (Imposition—Customs) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4704 Petroleum Resource Rent Tax (Imposition—Excise) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4709 Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4698 Superannuation Guarantee (Administration) Amendment Bill 2011] References * [1] Read more about the MRRT [http://www.ato.gov.au/Business/Minerals-resource-rent-tax/ here].
representatives vote 2011-11-22#2 Edited by mackay staff on 2014-02-13 10:41:37	Title Bills — Minerals Resource Rent Tax Bill 2011, Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011, Minerals Resource Rent Tax (Imposition — General) Bill 2011, Minerals Resource Rent Tax (Imposition — Customs) Bill 2011, Minerals Resource Rent Tax (Imposition — Excise) Bill 2011, Petroleum Resource Rent Tax Assessment Amendment Bill 2011, Petroleum Resource Rent Tax (Imposition — General) Bill 2011, Petroleum Resource Rent Tax (Imposition — Customs) Bill 2011, Petroleum Resource Rent Tax (Imposition — Excise) Bill 2011, Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011, Superannuation Guarantee (Administration) Amendment Bill 2011; Consideration in Detail Minerals Resource Rent Tax Bill 2011 - Consideration in Detail - Industry pays when mature miner pays Description ~~<p class="speaker">Tony Crook</p>~~ ~~<p>by leave—I move amendments (1), (2), (4) and (6):</p>~~ <p class="italic">(1) Clause 10-1, page7 (line 12), omit "A", insert "substitute "Subject to section 10-30, a".</p> The majority voted against an [http://www.openaustralia.org/debates/?id=2011-11-22.119.1 amendment] introduced by Nationals MP [http://publicwhip-test.openaustraliafoundation.org.au/mp.php?mpn=Tony_Crook&mpc=O%26%2339%3BConnor&house=representatives Tony Crook]. The amendment ensures that smaller miners will not have minerals resources rent tax('MRRT') liability until one of the mature miners pays the tax. MP Crook explains that "due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years" ''Background to the bill'' The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax minerals resource rent tax] ('MRRT').[1] The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore. The eleven bills are: * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4712 Minerals Resource Rent Tax Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4710 Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4705 Minerals Resource Rent Tax (Imposition—General) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4701 Minerals Resource Rent Tax (Imposition—Customs) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4703 Minerals Resource Rent Tax (Imposition—Excise) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4711 Petroleum Resource Rent Tax Assessment Amendment Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4706 Petroleum Resource Rent Tax (Imposition—General) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4702 Petroleum Resource Rent Tax (Imposition—Customs) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4704 Petroleum Resource Rent Tax (Imposition—Excise) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4709 Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011] * [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4698 Superannuation Guarantee (Administration) Amendment Bill 2011] References * [1] Read more about the MRRT [http://www.ato.gov.au/Business/Minerals-resource-rent-tax/ here]. ~~<p class="italic">(2) Page 9 (after line 17), at the end of Division 10, add:</p>~~ ~~<p class="italic">10-30 No liability unless mature miner pays tax</p>~~ <p class="italic">(1) Notwithstanding any other provision of this Act, a miner other than a mature miner has no liability to pay MRRT for any MRRT year that commences before the MRRT year in which a mature miner has its first MRRT liability.</p> ~~<p class="italic">(2) A <i>mature miner</i> is a miner whose*group production of taxable resources for an MRRT year has exceeded 40 million tonnes.</p>~~ ~~<p class="italic">(4) Clause 300-1, page 261 (after line 27), after the definition of <i>general interest charge</i>, insert:</p>~~ ~~<p class="italic"><i>group production of taxable resources</i> has the meaning given by section 175-15.</p>~~ ~~<p class="italic">(6) Clause 300-1, page 263 (after line 8), after the definition of <i>market value</i>, insert:</p>~~ ~~<p class="italic"><i>mature miner</i> has the meaning given by subsection 10-30(2).</p>~~ <p>These amendments ensure that smaller miners will have no MRRT liability until such time as one of the mature miners pays the tax. Industry modelling has suggested that, due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years.</p> <p>Amendment (1) seeks to protect the smaller members of the mining industry by ensuring that no miner pays the tax before one of the mature miners. Amendment (2) creates a new section 10-30, which ensures that notwithstanding any other provision of the act, a miner has no MRRT liability for any MRRT year that commences before the year in which the mature miner first pays the tax. This amendment includes a definition of a mature miner as a miner whose group production of taxable resource for the MRRT year has exceeded 40 million tonnes. These amendments will provide a safeguard for the smaller miners as they will not pay the tax before the biggest miners that negotiated the design of this tax. Question put:</p> ~~<p class="italic">That the amendments (Mr Crook's) be agreed to.</p>~~ ~~<p>The House divided.   [00:28]</p>~~ ~~<p>(The Speaker—Mr Harry Jenkins)</p>~~ ~~<p>Question negatived.</p>~~

Change

Division

representatives vote 2011-11-22#2

Edited by system

on 2014-10-07 16:21:33

Title

Description

The majority voted against an [http://www.openaustralia.org/debates/?id=2011-11-22.119.1 amendment] introduced by Nationals MP [http://publicwhip-test.openaustraliafoundation.org.au/mp.php?mpn=Tony_Crook&mpc=O%26%2339%3BConnor&house=representatives Tony Crook].
The amendment ensures that smaller miners will not have minerals resources rent tax('MRRT') liability until one of the mature miners pays the tax. MP Crook explains that "due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years"
~~''Background to the bill''~~
The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax minerals resource rent tax] ('MRRT').(Read more about the MRRT [http://www.ato.gov.au/Business/Minerals-resource-rent-tax/ here].) The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore.
~~The eleven bills are:~~
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4712 Minerals Resource Rent Tax Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4710 Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4705 Minerals Resource Rent Tax (Imposition—General) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4701 Minerals Resource Rent Tax (Imposition—Customs) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4703 Minerals Resource Rent Tax (Imposition—Excise) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4711 Petroleum Resource Rent Tax Assessment Amendment Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4706 Petroleum Resource Rent Tax (Imposition—General) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4702 Petroleum Resource Rent Tax (Imposition—Customs) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4704 Petroleum Resource Rent Tax (Imposition—Excise) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4709 Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4698 Superannuation Guarantee (Administration) Amendment Bill 2011]
~~References~~
The majority voted against an [amendment](http://www.openaustralia.org/debates/?id=2011-11-22.119.1) introduced by Nationals MP [Tony Crook](http://publicwhip-rails.openaustraliafoundation.org.au/mp.php?mpn=Tony_Crook&mpc=O%26%2339%3BConnor&house=representatives).
The amendment ensures that smaller miners will not have minerals resources rent tax('MRRT') liability until one of the mature miners pays the tax. MP Crook explains that "due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years"
_Background to the bill_
The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [minerals resource rent tax](http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax) ('MRRT').(Read more about the MRRT [here](http://www.ato.gov.au/Business/Minerals-resource-rent-tax/).) The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore.
The eleven bills are:
- [Minerals Resource Rent Tax Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4712)
- [Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4710)
- [Minerals Resource Rent Tax (Imposition—General) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4705)
- [Minerals Resource Rent Tax (Imposition—Customs) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4701)
- [Minerals Resource Rent Tax (Imposition—Excise) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4703)
- [Petroleum Resource Rent Tax Assessment Amendment Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4711)
- [Petroleum Resource Rent Tax (Imposition—General) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4706)
- [Petroleum Resource Rent Tax (Imposition—Customs) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4702)
- [Petroleum Resource Rent Tax (Imposition—Excise) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4704)
- [Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4709)
- [Superannuation Guarantee (Administration) Amendment Bill 2011](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4698)
References

representatives vote 2011-11-22#2

Edited by system

on 2014-10-07 16:16:57

Title

Description

The majority voted against an [http://www.openaustralia.org/debates/?id=2011-11-22.119.1 amendment] introduced by Nationals MP [http://publicwhip-test.openaustraliafoundation.org.au/mp.php?mpn=Tony_Crook&mpc=O%26%2339%3BConnor&house=representatives Tony Crook].
The amendment ensures that smaller miners will not have minerals resources rent tax('MRRT') liability until one of the mature miners pays the tax. MP Crook explains that "due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years"
''Background to the bill''
The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax minerals resource rent tax] ('MRRT').[1] The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore.
The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax minerals resource rent tax] ('MRRT').(Read more about the MRRT [http://www.ato.gov.au/Business/Minerals-resource-rent-tax/ here].) The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore.
The eleven bills are:
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4712 Minerals Resource Rent Tax Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4710 Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4705 Minerals Resource Rent Tax (Imposition—General) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4701 Minerals Resource Rent Tax (Imposition—Customs) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4703 Minerals Resource Rent Tax (Imposition—Excise) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4711 Petroleum Resource Rent Tax Assessment Amendment Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4706 Petroleum Resource Rent Tax (Imposition—General) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4702 Petroleum Resource Rent Tax (Imposition—Customs) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4704 Petroleum Resource Rent Tax (Imposition—Excise) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4709 Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4698 Superannuation Guarantee (Administration) Amendment Bill 2011]
References
* [1] Read more about the MRRT [http://www.ato.gov.au/Business/Minerals-resource-rent-tax/ here].

representatives vote 2011-11-22#2

Edited by mackay staff

on 2014-02-13 10:41:37

Title

Bills — Minerals Resource Rent Tax Bill 2011, Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011, Minerals Resource Rent Tax (Imposition — General) Bill 2011, Minerals Resource Rent Tax (Imposition — Customs) Bill 2011, Minerals Resource Rent Tax (Imposition — Excise) Bill 2011, Petroleum Resource Rent Tax Assessment Amendment Bill 2011, Petroleum Resource Rent Tax (Imposition — General) Bill 2011, Petroleum Resource Rent Tax (Imposition — Customs) Bill 2011, Petroleum Resource Rent Tax (Imposition — Excise) Bill 2011, Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011, Superannuation Guarantee (Administration) Amendment Bill 2011; Consideration in Detail
Minerals Resource Rent Tax Bill 2011 - Consideration in Detail - Industry pays when mature miner pays

Description

~~Tony Crook~~
~~by leave—I move amendments (1), (2), (4) and (6):~~
(1) Clause 10-1, page7 (line 12), omit "A", insert "substitute "Subject to section 10-30, a".
The majority voted against an [http://www.openaustralia.org/debates/?id=2011-11-22.119.1 amendment] introduced by Nationals MP [http://publicwhip-test.openaustraliafoundation.org.au/mp.php?mpn=Tony_Crook&mpc=O%26%2339%3BConnor&house=representatives Tony Crook].
The amendment ensures that smaller miners will not have minerals resources rent tax('MRRT') liability until one of the mature miners pays the tax. MP Crook explains that "due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years"
''Background to the bill''
The Minerals Resource Rent Tax Bill 2011 is one of eleven bills that were introduced as a package to introduce a [http://en.wikipedia.org/wiki/Minerals_Resource_Rent_Tax minerals resource rent tax] ('MRRT').[1] The tax is set to begin on 1 July 2012 and apply to profits earned from the extraction of mineral resources such as coal and iron ore.
The eleven bills are:
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4712 Minerals Resource Rent Tax Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4710 Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4705 Minerals Resource Rent Tax (Imposition—General) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4701 Minerals Resource Rent Tax (Imposition—Customs) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4703 Minerals Resource Rent Tax (Imposition—Excise) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4711 Petroleum Resource Rent Tax Assessment Amendment Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4706 Petroleum Resource Rent Tax (Imposition—General) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4702 Petroleum Resource Rent Tax (Imposition—Customs) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4704 Petroleum Resource Rent Tax (Imposition—Excise) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4709 Tax Laws Amendment (Stronger, Fairer, Simpler and Other Measures) Bill 2011]
* [http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r4698 Superannuation Guarantee (Administration) Amendment Bill 2011]
References
* [1] Read more about the MRRT [http://www.ato.gov.au/Business/Minerals-resource-rent-tax/ here].
~~(2) Page 9 (after line 17), at the end of Division 10, add:~~
~~10-30 No liability unless mature miner pays tax~~
(1) Notwithstanding any other provision of this Act, a miner other than a *mature miner has no liability to pay *MRRT for any *MRRT year that commences before the *MRRT year in which a *mature miner has its first *MRRT liability.
~~(2) A mature miner is a miner whose*group production of taxable resources for an MRRT year has exceeded 40 million tonnes.~~
~~(4) Clause 300-1, page 261 (after line 27), after the definition of general interest charge, insert:~~
~~group production of taxable resources has the meaning given by section 175-15.~~
~~(6) Clause 300-1, page 263 (after line 8), after the definition of market value, insert:~~
~~mature miner has the meaning given by subsection 10-30(2).~~
These amendments ensure that smaller miners will have no MRRT liability until such time as one of the mature miners pays the tax. Industry modelling has suggested that, due to large starting-base allowances, the three mature miners who negotiated this tax may not actually pay the MRRT for several years.
Amendment (1) seeks to protect the smaller members of the mining industry by ensuring that no miner pays the tax before one of the mature miners. Amendment (2) creates a new section 10-30, which ensures that notwithstanding any other provision of the act, a miner has no MRRT liability for any MRRT year that commences before the year in which the mature miner first pays the tax. This amendment includes a definition of a mature miner as a miner whose group production of taxable resource for the MRRT year has exceeded 40 million tonnes. These amendments will provide a safeguard for the smaller miners as they will not pay the tax before the biggest miners that negotiated the design of this tax. Question put:
~~That the amendments (Mr Crook's) be agreed to.~~
~~The House divided.   [00:28]~~
~~(The Speaker—Mr Harry Jenkins)~~
~~Question negatived.~~