When Julia Gillard announced that her government was introducing a new mining tax on July 2, 2010, she described it as a “breakthrough agreement” with three of Australia’s largest mining companies that would “underpin major economic reforms that will strengthen our economy so we can move forward together with confidence”.
The mining tax, officially described as the minerals resource rent tax (MRRT), imposed a 30 per cent super tax on profits from iron ore and c…
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