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Second Reading Speeches

Minerals Resource Rent Tax Bill 2011

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Part of a package of 11 bills, the bill establishes the framework for calculating a miner’s minerals resources rent tax liability on mining profits made from extracting taxable resources (mainly coal and iron ore) for a mining project interest for a year.