Reforming greenfields agreements will boost investment

The Minerals Council of Australia supports the reform option proposed by the Morrison Government in the greenfields discussion paper released today.

Allowing greenfields agreements to cover the life of projects is a sensible reform that will stimulate new investment and jobs across Australia.

Currently, greenfields agreements cannot extend more than four years after the date of approval by the Fair Work Commission.

After a greenfields agreement has passed its nominal expiry date, industrial action may be taken. This means that employers may be subject to significant uncertainty and additional costs at a critical time of project construction when the greenfields agreement passes its nominal expiry date.

There are billions of dollars’ worth of potential resources projects being developed in Australia that will benefit from greater certainty and confidence that budget and schedule commitments can be met.

All parliamentarians should commit to supporting this important reform.

 

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