Minerals resources, tax, and the prosperity of all Australians

A Policy Brief from the Minerals Council of Australia

The Minerals Council of Australia (MCA) is the peak industry organisation representing Australia’s exploration, mining and minerals processing industry in its contribution to sustainable development and society. The MCA’s strategic objective is to advocate public policy and operational practice for a
world-class industry that is safe, profitable, innovative, environmentally and socially responsible and
attuned to its communities’ needs and expectations. MCA member companies produce more than 85
percent of Australia’s annual minerals output and accounted for about
50 percent of Australia’s exports in the year to June 2009.

The minerals industry recognises that its past success and future prosperity are dependent on a
sound and expanding national economy, an educated and cohesive society and a sustainable natural
environment. For this reason, the minerals sector supports public policy settings aimed at:

  • Sustainable economic growth characterised by low inflation, low interest rates, fiscal prudence and a skilled and productive workforce;
  • A sound, fair and stable society, where effort is encouraged and rewarded and a helping hand extended to those in need; and
  • A sustainable natural environment, reflecting national consistency and balance in policy settings.

The MCA recognises that the future of the Australian minerals industry is inseparable from the global
pursuit of sustainable development. Through the integration of economic progress, responsible social
development and effective environmental management, the industry is committed to contributing to
the sustained growth and prosperity of current and future generations.

This policy brief represents the policies and analysis of the Minerals Council of Australia (MCA). It
has been prepared with the collective expertise of the MCA’s Standing Committee on Taxation, the
Secretariat and individual member companies.

Every effort has been made to ensure that the information is factual and correct. This brief will
be continually updated through the course of the debate on the Government’s proposed minerals
Resource ‘Super Profits’ Tax as part of the industry’s commitment to real and enduring taxation
reform.

 

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