reading between the lines, they say these companies are locked into long term supply contracts offshore, so that means they can't force them to sell cheap coal to australia. so only option left is to tax them on their 'super' profits when they sell coal at these high prices. they are sneaky, ugly, lazy polticians who only care about getting back in the next election. so an easy target is the dirty fossil fuel companies. no one will whinge, except the gas/coal companies as industry benefits as well as consumers. but they will definitely whinge and they have a huge budget to do it.
its a disgraceful, unethical tax as it just looks at current profits and ignores the decade of famine years where some of these companies almost went to the wall, raised highly dilutionary capital and were left with huge debts.
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