Scrapping the Carbon Tax a welcome relief

July 17, 2014

The repeal of the Carbon Tax will help protect jobs, strengthen the NSW economy and take an unwanted handbrake off mining, the state’s largest commodity export industry.
 
The NSW Minerals Council congratulates the Australian Parliament for finally delivering the Federal Government’s election commitment to repeal the Carbon Tax. 
 
This tax was a burden on mining in NSW and more than 10,500 businesses servicing the sector, from Western Sydney to Western NSW and from Wollongong to Werris Creek.
 
Mining is a global business. The Carbon Tax was a dead weight that put our NSW miners at a disadvantage to overseas competitors - all economic pain with no environmental gain - and has contributed to our state falling as a destination for mining investment.
 
At such a challenging time for the minerals sector in NSW, the repeal of the Carbon Tax will come as a welcome relief for the hard working men and women in our mines and the businesses that supply them. 
 
NSW miners support climate change mitigation strategies that are practical and do not send jobs and investment overseas.

Third party comments

Prime Minister Tony Abbott
“Scrapping the Carbon Tax will save the average family $550 a year. You’ll see the benefits in coming power bills. In keeping with our election policy, the Government’s consumer watchdog, the ACCC, has been given the funding and power to ensure that savings are passed on to consumers. Scrapping the Carbon Tax will also take a cost burden off Australian businesses – this will make it easier for them to compete and create more jobs.”

Minerals Council of Australia
“The carbon tax did not constitute economic reform and was never calibrated with the efforts of other  nations. It goes unlamented.”

Joint statement by Australian Industry Group, Business Council of Australia, and Minerals Council of Australia
“Three of Australia’s leading groups representing businesses in critical sectors of the economy have welcomed today’s repeal of the carbon tax as the first step in moving towards an emissions reduction policy that works for the economy and the environment… Climate policy should achieve its objectives at least cost, not erode the competitiveness of trade exposed industries, and support efficient long-term investment, the groups concluded.”

Steve Knott, Chief Executive, Australian Mines and Metals Association
“Today’s passing of the carbon tax repeal legislation is welcomed as the first of several critical measures required to put Australia back on a level playing field with our international competitors.”

Brent Finlay, President, National Farmers Federation
“Australian agriculture is breathing a sigh of relief now the tax has finally been abolished. The sector itself was excluded from directly paying the tax. However, costs imposed on other businesses were passed on to agriculture and the bottom line of farm businesses.”

Kate Carnell, CEO, Australian Chamber of Commerce and Industry
“Australia’s carbon tax was one of the highest in the world, making our key industries less competitive and providing very little by way of environmental benefit.”
 
Contact: Chris Rath | crath@nswmining.com.au | 0409 758 734 | 02 9274 1419

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