Australian Government considers tailoring mining tax
![Resources Minister Martin Ferguson insists all groups will be subjected to a 40 per cent tax on super profits, but there could be different transitional arrangements for different sectors. [ABC]](http://www.abc.net.au/reslib/200805/r254173_3380793.jpg "Resources Minister Martin Ferguson insists all groups will be subjected to a 40 per cent tax on super profits, but there could be different transitional arrangements for different sectors. [ABC]")
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Resources Minister Martin Ferguson insists all groups will be subjected to a 40 per cent tax on super profits, but there could be different transitional arrangements for different sectors. [ABC]
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The Australian Government has indicated it will consider modifying its mining profits tax to suit different sectors of the industry.
The Resources Minister Martin Ferguson says the government's negotiating with three distinct groups - the petroleum sector, the quarries sector and the minerals sector.
"They are each arguing, indicating that there is no one-size-fits-all model," he said.
He insists all will be subjected to a 40 per cent tax on super profits, but there could be different transitional arrangements for different sectors.
The Opposition Leader Tony Abbott says the government should have thought about that before announcing the tax.
"This is a government that decides first and thinks later," he said.
He says whatever the government does, it will damage the industry.
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