"If we are elected in August, we will scrap the current Hybrid Mining Tax System"
Katie Woolf spoke with Leader of the Opposition Lia Finocchiaro.
A Country Liberal Party Government will remove the Gunner Government’s complicated hybrid mining tax model and implement an ad valorem royalty system to drive investment and job creation in the Territory. The new system will make it easier for existing mining operations and prospective businesses to forecast royalty expenses, Opposition Leader Lia Finocchiaro said today.
A CLP Government will:
- Remove the hybrid mining tax model introduced by the Gunner Government in 2018, which has been a disaster for the Territory and has discouraged investment, cost us jobs and contributed to the worsening economic crisis we are facing.
- Institute an ad valorem only royalty system for all new mining operations in the Territory, based on the Western Australian regime.
- Phase in the ad valorem royalty system for existing mines, in consultation with industry.
Listen to the full chat here: