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TIME TO GET VICTORIA’S MINING SECTOR MOVING

The Minerals Council of Australia – Victorian Division has today presented its case for economic and regulatory reform in its pre-Budget submission. Victoria continues to remain prospective for a wide range of minerals, but Victoria’s reputation as a place for mining investment is poor and declining. A recent survey of 802 minerals companies by the global investment think-tank The Fraser Institute found that Victoria was the least attractive state for mining investment in Australia.

2012-13 VICTORIAN PRE-BUDGET SUBMISSION

The MCA represents Australia’s exploration, mining and minerals processing industry, nationally and internationally, in its contribution to sustainable development and society. MCA member companies produce more than 85 per cent of Australia’s annual mineral output. The MCA’s strategic objective is to advocate public policy and operational practice for a world-class industry that is safe, profitable, innovative, environmentally responsible and attuned to community needs and expectations.

FUEL TAX CREDIT

Media reports today suggesting the Federal Government could further reduce the Fuel Tax Credit would violate every principle of sound tax policy – efficiency, neutrality, equity and simplicity – all for sake of another revenue grab. Cutting the Fuel Tax Credit is the same as imposing a new tax on a business input. And like all tax hikes it would result in lost output and reduced international competitiveness. It would also be the fourth new tax on mining this year.

Public Comment – Waste Management and Pollution Control Act Amendment Bill 2012

I refer to an invitation from your Ms Heidi Snell on 23rd February drawing our attention to the revised Bill and thank you for the opportunity to comment on the proposed legislation. This submission follows our earlier comments dated 27th January on the previous draft Bill. The Minerals Council of Australia represents Australia’s exploration, mining and minerals processing industry, nationally and internationally, in its contribution to sustainable development and society. MCA’s member companies produce more than 85 per cent of Australia’s annual mineral output.

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