The Minerals Resource Rent Tax only covers coal and iron ore operations, but there is fear the tax could be spread to other commodities – with the Greens not keen on uranium and in a good position to win control of the Senate following the August 21 federal election.
Toro is hoping for maiden deliveries of uranium from its Wiluna project in Western Australia from 2013.
But Smyth has also held senior roles in Woodside and BHP Billiton.
Others joining the policy transition group include former Rio executive David Klinger, former Woodside executive Keith Spence, KPMG’s NSW division chairman Chris Jordan and the Treasury Department’s tax division executive director David Parker.
As previously announced, BHP chairman Don Argus will chair the policy transition group with Resources and Energy Minister Martin Ferguson.
The transition group will oversee the implementation of the MRRT – but this all depends on Labor winning the looming federal election.