Federal politics Archives

Kazakhstan to Introduce Roadmap to Increase Efficiency in SEZs | Govt plans one-stop service for SEZs

17 January 2023.

Jobs and Skills Summit: Seniors will be able to work extra hours without losing pension entitlements

Prime Minister Anthony Albanese wrapped up the two-day event in Canberra by announcing the anticipated change to the pension — a policy WA billionaire Gina Rinehart campaigned for ahead of the Federal election. Ms Rinehart said the new measure could have gone further, and the paperwork pensioners need to undertake, along with other restrictions would just deter pensioners from working.

Japan, Korea say Australian gas exports critical

“The Japanese government has been asking the Australian government to implement any measure in such a way that it does not impact Japan’s supply of LNG from Australia, and the Japanese government will continue doing so,” a Japanese government official told The Australian Financial Review. He also said Korea was focused on securing more urgent supplies of critical minerals. “The sense of vulnerability they have because of china’s dominance of that market is enormous.” Senex Energy, a subsidiary of Korean steelmaker Posco and Gina Rinehart’s Hancock Resources, earlier this month announced plans for a $1 billion coal seam gas expansion in Queensland. Government and Japanese trading house sources in Tokyo said there was also a huge appetite by Japanese companies to invest in the Australian energy sector, particularly now that political risk meant China and Russia were being ruled out for new investments.

Industry fumes over secret Qld environment amendment bill

“It can take years, if not decades, for exploration companies to gain approvals to explore to get minerals and commodities out of the ground and transported to customers, so maintaining long-term confidence in our sector is essential for investors to make long-term decisions.” QUEENSLAND miners are growing increasingly fearful that the state government is embarking on decisions that may impact the sovereign risk of resources projects without due consultation after it has been revealed a bill is being prepared that will allow mining project approvals to be retrospectively retracted or changed. “Without consistent and successful exploration, and the confidence of domestic and international investors, there is no Queensland resources industry,” he said.

UAE Corporate Tax law will continue incentives for free zone based entities

The UAE Ministry of Finance (MoF) has released a public consultation document inviting comments from stakeholders on the proposed legislation. A progressive step by the Ministry, which provides an opportunity for businesses to play a key role in formulating the UAE Corporate Tax law.

While there is no tax on individual income, income from activities carried out by individuals through a commercial license would attract the tax. Further, federal and emirate governments, their departments, and companies carrying out sovereign activities, companies engaged in the extraction of natural resources, charities, pension funds, investment funds (subject to conditions) would be exempt.

Mining magnate Gina Rinehart backs changes to age pension system to keep older workers on the job

“Hancock recognises the shortage of staff Australia-wide disrupts many projects and delays supplies,” Mrs Rinehart said. “We are a supporter of the Government changing its policy where pension arrangements are concerned, so that pensioners can work should they so choose, without onerous tax resulting from their decision to work. “Hancock is a very patriotic company that supports investment in Australia, primary industries and jobs in WA and Australia. When mining does well, Australia does well.”

IS NUCLEAR THE ZERO HERO?

Unlike many other countries, Australia has enjoyed an abundance of coal and more recently gas to provide a considerable chunk of its energy needs. But in the global push to decarbonise and the widely accepted goal of net zero by 2050, the fossil fuels we have traditionally relied on have become part of the problem. While renewable energy such as solar, wind and hydro, supported by batteries, are seen as playing a greater role in Australia’s new energy mix, providing reliable baseload power without fossil fuels remains a conundrum. And that’s where advocates of nuclear power come in.

Taking the big smoke to the bush

“Not by a decentralisation policy where we shift public servants from government agencies out into country towns. But where we flip that model, identify the unique competitive advantage of the region, and use that to attract people … but also businesses who are keen to relocate if we get the infrastructure piece right.”

MAKE BRISBANE SHINE

But Ms Rinehart warned that in the lead-up to Brisbane hosting the world’s biggest sporting event in 2032, governments needed to cut red tape to ensure teams and facilities were ready in time. “I hope our governments now take the bit between their teeth and realise 10 years time is a relatively short time to prepare Queensland for the Olympics, and grasp this opportunity to ensure Queensland shines,” she said. “To do this we must cut government tape to welcome significant investment and businesses, improve airports, improve marinas, build exciting new tourist facilities and accommodation, to really show Queensland and Australia as a must-repeat visit destination.”

Expanding Your Business into Asia: Why Location Analysis is Key

This is another example of how Special Economic Zones in China are being ( and have been since 1978!) presented as locations for FDI. Australia is becoming less and less competitive. These policies can be simply introduced in Northern Australia and across Australia.

Category: Federal politics