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SUBMISSION ON “MEASURES TO EXTEND AUSTRALIAN INDUSTRY PARTICIPATION” CONSULTATION PAPER

This submission is made by the Minerals Council of Australia (MCA), for and on behalf of the Australian minerals industry, in conjunction with State representative bodies of the industry. It has the support of the Chamber of Minerals and Energy of Western Australia, the Queensland Resources Council, the New South Wales Minerals Council, the South Australian Chamber of Mines and Energy, the Victorian Division of the MCA, the Tasmanian Minerals Council and the Northern Territory Division of the MCA.

2012-13 Pre-Budget Submission - Overview

Realising the opportunity of the mining boom and lifting the speed limits of Australia’s economy should be the focus of the 2012-13 Budget. The Government needs to shift gears from “spreading the benefits” of the boom (through higher taxes, ad hoc spending and increased regulation) to tackling the real challenges of fiscal sustainability, productivity growth, expanding supply-side capacity and enhancing the economy’s structural flexibility.

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