Greens Deputy Leader Adam Bandt has announced the Greens will move to scrap the State royalty credit contained in the mining tax legislation. Mr Bandt said that the Greiner/Brumby review of the mining royalties had confirmed “the inherently flawed nature of the Government’s royalty deal with the big miners”. If the rebate was retained, it would put the Commonwealth’s mining tax revenue at the mercy of the States, Mr Bandt said. “We will move in Parliament as soon as possible to remove this unsustainable deal on royalties”, Mr Bandt said.
Source: Greens Deputy Leader media release, 10 June 2012
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