Opposition Will Rescind Resources Super Profits Tax
Getting ready to exploit the proposed mining tax in the fast approaching elections the coalition opposition has promised to rescind the Resources Super Profits Tax (RSPT) under a Tony Abbot led government.
This comes at a time when the Australian government is under pressure from all sides to secure a compromise with the mining industry by the end of the week.
Opposition resources spokesperson Ian Macfarlane was speaking on ABC Radio on Thursday when he said that the deal would be done with the government holding a gun to the miners' head. He said that it was almost impossible to imagine a deal which would not leave the mining industry less competitive internationally.
On Andrew Forrest's statement that he saw a compromise in sight, Mr. Macfarlane said that he has a right to his own view, but it did not represent the view of the entire mining industry. He also said that Ms. Gillard was looking for a political solution to a business and economical problem.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Scanlon, Joel. (2019, March 19). Opposition Will Rescind Resources Super Profits Tax. AZoMining. Retrieved on March 05, 2026 from https://www.azomining.com/News.aspx?newsID=86.
MLA
Scanlon, Joel. "Opposition Will Rescind Resources Super Profits Tax". AZoMining. 05 March 2026. <https://www.azomining.com/News.aspx?newsID=86>.
Chicago
Scanlon, Joel. "Opposition Will Rescind Resources Super Profits Tax". AZoMining. https://www.azomining.com/News.aspx?newsID=86. (accessed March 05, 2026).
Harvard
Scanlon, Joel. 2019. Opposition Will Rescind Resources Super Profits Tax. AZoMining, viewed 05 March 2026, https://www.azomining.com/News.aspx?newsID=86.
We're committed to providing free access to quality science. By registering and providing insight into
your preferences you're joining a community of over 1m science interested individuals and help us to
provide you with insightful content whilst keeping our service free.
or
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.