Tax still needs work, says mayor
THERE has been a mixed reaction in the Gladstone region about changes in the mining taxing by the Federal Government yesterday.
While Labor Party politicians welcomed the reduction of the Resource Super Profits Tax from 40 per cent to 30 per cent, Gladstone Mayor George Creed sat on the fence and Liberal National Party endorsed candidate for the Federal electorate of Flynn remained on his side.
“Changing the name doesn’t hide the fact that $10.5 billion will still be ripped out of regional Australia,” Mr O’Dowd said.
“It was a bad tax under Rudd and it is still a bad tax under Gillard. It appears to be very complex and still needs a lot of work. We won’t know crucial details until after the election.
“What we have said is that regions such as ours require proper, well-planned and systematic investment in infrastructure (both hard and soft) and services to support the communities that house and drive resource projects,” Cr Creed said yesterday. “The outcome in Canberra today does not change this stance.”
Federal Member for Flynn Chris Trevor said the $6 billion investment back into mining communities such as Gladstone was a vital part of his support for this reform.
“It also ticks one of the boxes that has been necessary for me to consider running again for the seat of Flynn,” Mr Trevor said.
“This is great news for Queensland and the Queensland economy,” Queensland Premier Anna Bligh said. “Frankly, it’s a relief to have this issue behind us. We can now move full steam ahead with projects like LNG in Gladstone and Ernest Henry copper mine in Mt Isa.”