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From BS:
In its judgement, the High Court said it had unanimously dismissed claims that some provisions of the mining tax were not valid laws of the Commonwealth, finding the treatment of state mining royalties under the MRRT Act did not discriminate between states.
Neither did the legislation give preference to one state over another, the court said.
“The court held that the treatment of state mining royalties by the MRRT Act and the Imposition Acts did not discriminate between states and that the Acts did not give preference to one state over another,” the judgment said.
“The court also rejected the submissions that the Acts breached the Melbourne Corporation doctrine or contravened section 91 of the Constitution.”
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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