The stated aim for the Super Tax is for all the people in Australia to get a return for the minerals they own. If thats the case. Firstly it shoud be established, do the states own the minerals or does the commonwealth? If the answer is the states own the minerals then the federal government should be told keep their nose out of state affairs. If the minerals are owned by the federal government the royalty system where a percentage of the value of mineral mined is paid, regardless as to whether the mining company makes a profit is the only fair solution. As the people get a return on all minerals mined. Miners know before they start to mine what their cost is as it is relitive to the price they receive for their product. The present Super Tax proposal is not fair for Miners or the people of Australia or investors regardles of where they come from.
