Mine worker and employer representatives have warned the Queensland Government that uncertainty about the royalty rates it applies to the resources sector is creating job uncertainty.
Queensland Resources Council Chief Executive Ian Macfarlane and CFMEU Mining and Energy Division Queensland District President Stephen Smyth said the Queensland Government should rule out any increase in royalty rates applying to resource commodities, such as coal, metals and LNG, this week.
“Unemployment in Queensland is rising. The resources industry, particularly coal, has been creating jobs and paying record royalties to the Government,” Macfarlane and Smyth said.
“Now is not the time to increase taxes on the industry, because increasing taxes creates uncertainty for investors and ultimately that means uncertainty for those men and women working in the resources industry.
“The Palaszczuk Government will receive more than AUS$5 billion in resource royalties this financial year. That’s a record Budget contribution from our industry.
“Instead of getting credit for generating record royalty revenues and record exports for Queensland, the men and women working in the resources sector are being told by southerners like Bob Brown to abandon their careers and reskill.
“The Queensland Government should give those mine workers, their families and their communities a commitment that it supports the industry and that it rules out increasing taxes and royalties that hurt the industry and force it to review planned investments and employment.”
Read the article online at: https://www.globalminingreview.com/finance-business/15052019/qrc-cfmeu-demand-royalty-certainty-for-job-certainty/