Hockey And Cormann Hail Mining Tax Repeal As Best Possible Deal In The National Interest

Following today’s vote in the Senate to repeal the mining tax, the Treasurer, Joe Hockey, says the government has delivered on another of its election commitments.

Hockey

Hockey, speaking at a joint press conference with the Finance Minister, Senator Mathias Cormann, said the government had secured the best possible deal it could in the national interest. He attacked the Labor Party for dealing itself out of negotiations. The Palmer United Party was only relevant, Hockey said, because the ALP would not negotiate. [Read more…]


Mining Tax Abolished As Government Deals With Palmer

2.20pm – The federal government has struck a deal with Clive Palmer and the Senate has voted 36-33 to abolish the mining tax.

The agreement will see the Income Support Bonus continue until the end of 2016. The Schoolkids Bonus will also continue until the end of 2016 but will be means-tested and eligibility will cut out for family incomes above $100,000. The Low Income Super Contribution will continue in its existing form until June 30, 2017. The agreement will also see a slower increase in compulsory superannuation, with an increase to 10% from July 2021 and then by increments until it reaches 12% in 2025. [Read more…]


Abbott Pressures Parliament To Repeal Taxes By Christmas

Prime Minister Tony Abbott has repeated his call for the Parliament to repeal the carbon and mining taxes by Christmas.

With Parliament due to begin its final week for the year tomorrow, Abbott has posted a video on YouTube in which he says that “December is the time to deal with unfinished business”.

There have been suggestions in recent weeks that the government might keep the Parliament sitting closer to Christmas. In fact, the government can only determine when the House will sit and it will have dealt with the relevant legislation by the end of the week.

In the Senate, control lies with the ALP and the Greens and it is not yet clear whether the legislation will be voted on before it rises.

  • Watch Abbott’s video message (2m)

Abbott Government Outlines Legislative Program For First Parliamentary Sittings

The Abbott government has issued a document listing the first items of legislation to be considered by the 44th Parliament.

The Parliament is to be ceremonially opened next Tuesday, November 12. The first Question Time will take place on Wednesday.

As expected, legislation to repeal the carbon and mining taxes will be among the first to be introduced. Abbott has promised that repealing the carbon tax will be the first piece of legislation to be introduced to the House.