Council Declares Key Policy Priorities to Boost Australian Mining Sector

SEATTLE (Scrap Monster): The Minerals Council of Australia (MCA), in its report titled ‘The Next Frontier: Australian Mining Policy Priorities’ has called for removal of over-regulations in the sector. The Council demands further streamlining of existing environmental regulations, so as to make the country investment-friendly when compared to its global competitors.

According to the Council, abolition of duplication in federal and state environmental rules, ensuring flexible working arrangements and a revived tax reform are the three key policy priorities for 2019. Off late, the country has seen a major drop in the list of world countries favorable for mining investment.

Tania Constable, Chief Executive Officer, MCA noted that overlapping state and federal approval processes often lead to unnecessary delays in development. Studies have found that the country’s mining sector could add $160 billion to national mine output by 2025 and create additional 69,000 jobs, if the project delay is reduced by one year. Also, the misuse of appeal mechanisms by activists leads to halt or delay in new projects, she said.

Implementation of modern workplace rules that allow for flexible casual and temporary staff is vital for ramping up the mining sector productivity and competitiveness. Moreover, a competitive taxation system and fuel tax credits are highly critical for industries such as mining. Incidentally, fuel tax credit scheme will ensure that remotely operating companies are not charged for off-road diesel usage.

To remain competitive against modern rivals, the industry needs to make significant productivity improvements, MCA report says.