Former Prime Minister Julia Gillard has likened the mining tax to the introduction of Medicare, predicting the unpopular minerals policy will make a comeback.
Julia Gillard was Prime Minister when the Mineral Resource Rent Tax was introduced in 2012.
The MRRT only raised $126 million in its first six months, nowhere near the $2 billion forecast for the financial year 2012-23, and generated only $600 000 for the June quarter just passed, again short of the $150 million forecast.
However Gillard says the mining tax, along with the carbon tax would be reintroduced in the future.
She likened the unpopular policies to Gough Whitlam's introduction of Medibank (now Medicare) in the 1970s, ABC reported.
"Medibank completely contested by the conservative side of politics (with) the Liberal Party saying it'll destroy Australia as we know it and no one will ever go and be a doctor again and Bob Hawke needing to bring it back," Gillard said.
"The Government is finding it very, very hard to try and sweep away our education reforms which are enduring in many respects.
"Yes, they've swept away carbon pricing and the Minerals Resource Rent Tax, but good reforms often take more than one go around and they'll be back."
The Coalition Government has sounded numerous warnings that Labor leader Bill Shorten has plans to reintroduce both taxes.
He said his party would undertake serious consultation with the industry rather than hijack it with a new tax and called for business input, and dispassionate discussion, on any policy developed.