MCA backs push to cut red tap

The Minerals Council of Australia (MCA) has backed a call by industry groups to slash red tape by 25 per cent, warning slow and complex approvals are undermining the nation’s competitiveness for mining investment.

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Chalmers’ retrospective tax grab shocks investors

Treasurer Jim Chalmers has shocked foreign investors in local mining, energy and infrastructure by imposing a retrospective capital gains tax dating back 20 years to raise billions of dollars for the federal budget, sparking warnings he is discouraging future investment in Australia.

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