Almost half of businesses have no faith that Canberra bureaucrats can handle an environmental approvals system and would consider ditching major projects if timelines drag out any longer, a major survey has found.
Labor’s proposed Federal nature watchdog risks being an expensive, bloated bureaucracy that is unaccountable and highly secretive, a conservative think tank has warned.
Gina Rinehart said Australians are “truly fortunate to be able to enjoy the high quality of the agricultural products our farmers work so hard to produce.”
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.
Native title groups hosting Australia’s iron ore industry are holding more than $1 billion of net assets in trusts, but after 30 years of the native title regime, there is little to show for the vast majority of Indigenous Australians.
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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.
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.
Australian billionaire Gina Rinehart has offered some advice for Prime Minister Anthony Albanese as he struggles to secure a budget bounce.
Despite us constantly being told that solar and wind are now the cheapest forms of electricity, governments around the world needed to spend $US18 trillion on the green transition last year.
A major gas expansion seen as vital for Australia’s southern states to avoid shortages in the next two years has been put on hold due to a tough regulatory clampdown, with the fresh supply shock landing just days after the Albanese government warned of shortfall risks this decade.
The Global Alliance of Special Economic Zones (GASEZ) has selected Klaipeda Free Economic Zone (FEZ) in coastal Lithuania among the top 50 global Model Zone Partners that best reflect global sustainable development goals.