Economic storm clouds warrant a policy rethink

Too many aspects of economic policy, unfortunately, are heading in the wrong direction. The government should look at foundations set in the Hawke-Keating and Howard years and attend to basics, optimising conditions to encourage private sector investment, profit, employment, productivity gains and growth. Policies that limit the footprint of government by reducing regulation, holding down company tax and payroll tax at state levels, and giving employers and workers greater autonomy to negotiate work practices, pay and benefits to suit their industries would be a basis for reviving growth.

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Reminding Australia of WA’s might

The nation’s largest group for miners will spend millions on reminding Australians of its contribution to the national economy, with a new advertising blitz to start from Monday.

Freshly armed with a new analysis of mining’s value to government revenue, the Minerals Council of Australia said $74 billion was contributed to all levels of government in the 2022-23 financial year.

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Miners flex their $74bn revenue muscles

Miners have poured a record $74bn into the coffers of federal, state and territory governments, with the Albanese government pocketing $42.5bn in company tax revenue, and Queensland and NSW cashing in on booming coal royalties.

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