This proposal has three components.

This proposal has three components.

This proposal would introduce a new mining super‐profits tax on minerals projects in Australia that is based on the former minerals resource rent tax but includes some important differences in design. The proposed mining super‐profits tax would be levied at 40 per cent of the net value of mine revenue, minus expenses.

This proposal would introduce a new mining super‐profits tax on minerals projects in Australia that is based on the former minerals resource rent tax but includes some important differences in design. The proposed mining super‐profits tax would be levied at 40 per cent of the net value of mine revenue, minus expenses.

This proposal would introduce a new mining super‐profits tax on minerals projects in Australia that is based on the former minerals resource rent tax but includes some important differences in design. The proposed mining super‐profits tax would be levied at 40 per cent of the net value of mine revenue, minus expenses.

The proposal would prohibit any new gas fields, coal mines, gas plants or coal stations. This includes preventing any expansion of any existing gas fields (onshore and offshore) or coal mines that are currently in operation. The proposal would mean that any new coal and gas projects that have been publicly announced, but not yet committed to, would no longer be permitted to commence.

The proposal would prohibit any new gas fields, coal mines, gas plants or coal stations. This includes preventing any expansion of any existing gas fields (onshore and offshore) or coal mines that are currently in operation. The proposal would mean that any new coal and gas projects that have been publicly announced, but not yet committed to, would no longer be permitted to commence.

The proposal would prohibit any new gas fields, coal mines, gas plants or coal stations. This includes preventing any expansion of any existing gas fields (onshore and offshore) or coal mines that are currently in operation. The proposal would mean that any new coal and gas projects that have been publicly announced, but not yet committed to, would no longer be permitted to commence.

The proposal would prohibit any new gas fields, coal mines, gas plants or coal stations. This includes preventing any expansion of any existing gas fields (onshore and offshore) or coal mines that are currently in operation. The proposal would mean that any new coal and gas projects that have been publicly announced, but not yet committed to, would no longer be permitted to commence.

The proposal would prohibit any new gas fields, coal mines, gas plants or coal stations. This includes preventing any expansion of any existing gas fields (onshore and offshore) or coal mines that are currently in operation. The proposal would mean that any new coal and gas projects that have been publicly announced, but not yet committed to, would no longer be permitted to commence.