Government strikes deal over mining tax

THE Abbott Government says it’s struck a deal with Clive Palmer and Senate crossbenches to repeal the mining tax.

The Coalition has agreed to keep the schoolkids bonus until 2017, as long as it’s means-tested, as well as retaining a plan to help low income earners with their superannuation.

It follows a stalemate in the Senate over spending measures linked to the controversial tax.


Finance Minister Mathias Cormann told Parliament earlier the amendments will save $10 billion over the next four years.

“I would like to thank in particular Mr Palmer, leader of the Palmer United Party, the Palmer United Party Senators and Senator Muir from the Australian Motoring Enthusiasts Party for their very positive and constructive engagement in the pursuit of common ground on this important bill in the national interest,” Minister Cormann said.

However, the deal isn’t sitting well with the Federal Opposition.

Labor claims it is a “stealth attack” on the Senate, labelling it “another dirty deal”.