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Mining industry under Canberra spotlight

Mining industry under Canberra spotlight

Jenny Wong & Catherine Dean discuss policy platforms for the mining industry announced during Minerals Week 2019 in Canberra.

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The Liberal Government and the Labor Opposition took the opportunity to launch policy platforms for the mining industry during Minerals Week 2019 in Canberra.

The respective policy announcements followed the Minerals Council of Australia’s (MCA) released its key priorities via ‘The next frontier: Australian mining policy priorities’, highlighting four issues, among others, in the pursuit of tax reform:

  • Maintain Australia’s long standing, equitable approach to credit off-road fuel excise
  • Reduce company tax to an internationally competitive level
  • Australia's tax integrity and debt deduction rules should be consistent with OECD measures
  • Extend the Fringe Benefits Tax for remote communities to all rental accommodation for residential workforces for simplicity and fairness.
  • While new tax policy for the mining sector didn’t get announced, both parties chose to focus on jobs and embracing technology and available data.

While new tax policy for the mining sector didn’t get announced, both parties chose to focus on jobs and embracing technology and available data.

 

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