Media Releases


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.

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.

SKILLS FOR ALL AUSTRALIANS

Today’s Skills for all Australians announcement by Prime Minister Julia Gillard is a positive step in the right direction if we are to meet the nation’s workforce challenges. Removing barriers to Vocational Education and Training, enhancing information on the VET sector, addressing the large pool of unskilled labour and injecting extra funding into the VET System are welcome initiatives. The Commonwealth and States should negotiate the proposed funding model in good faith to ensure that all Australians benefit from a world-class VET sector.

Industry Concerns Grow on New News of Revised Park Boundaries

The Minerals Council of Australia turned up the heat on the Northern Territory Government following news that the original boundaries to the proposed Limmen Park have been revised and has renewed calls for open and transparent decision-making from the Territory Government on the issue. “The Minerals Council of Australia has received no formal advice on any changes to the proposed park boundaries and this is a serious concern given the extent of exploration activity and investment in the region,” said Mr Stewart.

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