The question all Australian miners will be asking, if and when Rudd announces the changes, will be: “Is it enough?”
The flagship of the changes will be the switch of the coal-seam gas projects from the resource super profits tax to the petroleum resource rent tax, which requires a 15 per cent-return trigger point. This has been forecast in Business Spectator (This tax will break Australia, June 9). And, as we have pointed out, it will mean that a number of the Queensland LNG projects will now go ahead.
