Delegates at the Chamber of Minerals and Energy of
CME Chief Executive
"The Western Australian resources sector has faced a growing challenge in recent years to maintain its international competitiveness as the costs of doing business have continued to rise without a commensurate rise in productivity. The last 12-18 months for the sector have been characterised - across all commodities - by belt tightening and getting our own costs down," said
With both the State and Federal Budget's due to be delivered over the next fortnight, the sector is looking for governments to do the same and to remove the imposed costs of inefficient regulatory frameworks which burden industry and put a brake on productive growth across the economy.
"We need to usher in a new era of reform, focused on boosting economic growth, improving productivity and improving our international competitiveness," said
CME has welcomed the Australian Government's commitment to repeal inefficient and ineffective regulation including through the establishment of dedicated repeal days in the parliamentary calendar. Of course the most important immediate legislative repeals for our industry and the Australian economy remain the removal of the Minerals Resource Rent Tax (MRRT) and the Carbon Tax.
CME has consistently expressed concerns that the MRRT is administratively onerous and costly. It falls significantly short of delivering the genuine tax reform needed to ensure
"Our future pipeline of resource projects is dependent on having the right investment environment and utilising our competitive and natural advantages," said
With the focus on a new era of reform,
"Reg has provided tremendous leadership to CME and I know our membership is very supportive of him continuing to serve as Chief Executive," said
CC AutoTriage13cn-140430-30TagarumaMar-4718229 30TagarumaMar
Most Popular Stories
- Islamic State Obliterating Cultural Landmarks in Mosul
- The 2014 Fastest-Growing 100
- 'Lucy's' Super Powers Tops 'Hercules' at Box Office
- Boehner Says Impeachment Talk Is Democrat Scam
- You're So Vain: Microsoft to Launch First 'Selfie Phone'
- VW Site Could Mean Another 2,000 Jobs for Chattanooga
- RV Sales See Highest Increase Post Great Recession
- U.S. Home Price Gains Slow for 6th Month in a Row
- Report: China to Declare Qualcomm a Monopoly
- Insecticides Permeate U.S. Food, Water Supply