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Consultation Paper - Minerals Resource Rent Tax Bill 2011


Friday, 10 June 2011

Content ID:



On 2 July 2010, the Government announced new taxation arrangements for the resources sector. As part of these arrangements, a Minerals Resource Rent Tax (MRRT) will apply to coal and iron ore projects from 1 July 2012.

On 24 March 2011, the Government accepted all recommendations of the Policy Transition Group (PTG), led by Resources Minister Martin Ferguson and Mr Don Argus AC, relating to the new resource tax arrangements.  The PTG recommendations form the basis of the draft MRRT legislation.

The draft Bill provides the legislative framework for the MRRT. The Explanatory Memorandum (EM) explains, in broad terms, how the MRRT will be implemented.

The draft Bill and EM are being released today as part of the public consultation process to provide interested parties with an opportunity to comment.

Making a submission

Interested parties are invited to comment on the paper. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Thursday, 14 July 2011

Address written submissions to:
The Manager
Resource Tax Unit
Business Tax Division
The Treasury
Langton Crescent
Email: resourcetax@treasury.gov.au

For enquiries, please call Victoria Henry on (02) 62632922.

Documents Available:

Acrobat (PDF) documents

 Acrobat (PDF)

Minerals Resource Rent Tax Bill 2011 - Explanatory Memorandum  1,105.98kb
Minerals Resource Rent Tax Bill 2011 - Exposure Draft Bill  763.01kb

Microsoft Word (DOC) documents

 Microsoft Word (DOC)

Minerals Resource Rent Tax Bill 2011 - Explanatory Memorandum  1,244.50kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Minerals Resource Rent Tax Bill 2011 - Exposure Draft Bill  8,949.61kb

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