In the national effort to rebuild from the COVID-19 pandemic, the minerals industry will continue to deliver on the substantial contribution it has made over the past 20 years and with the right mix of productivity-enhancing reforms do even more to support and sustain the Australian economy. The government has already outlined a series of proposed reforms which will support a faster and broader recovery, including more flexible workplaces, pragmatic environmental reforms and simpler project approvals. Yet further reforms would enable the minerals industry to play an even bigger role in underpinning a sustainable and enduring recovery.
Reforms that expand trade and investment opportunities, enhance training and skills, ensure a competitive taxation system, support the discovery of new mining regions and emerging critical minerals, target the development of Northern Australia and enable businesses to adapt and grow will all be essential to sustaining the livelihoods and living standards of Australians.
The MCA has lodged its pre-Budget submission in advance of the 2020-21 Commonwealth Budget.
The policy and regulatory improvements outlined in this submission will help ensure that the Australian minerals industry – which has driven the nation’s prosperity for decades – can maximise its contribution to economic recovery while remaining the world’s leading exporter of minerals and metals in the long term.