The Chamber of Minerals and Energy of WA (CME) has released a list of recommendations to the Federal Government ahead of its May Budget.
High on the list is the introduction of a production tax credit for battery and critical minerals projects as the prices for nickel and lithium continue to fall.
“Tangible actions like this will support Australia’s broader ambitions to sustain a globally-competitive, value-adding battery minerals industry,” CME chief executive officer Rebecca Tomkinson said.
“One area where both the State and Federal Governments can make a huge difference is to act more businesslike in terms of service delivery and improved efficiencies. Removal of regulatory complexity, overlap and process duplication should be at the top of the list.
“Federal reforms must not result in more productivity-killing red tape which leaves Australia less nimble and competitive than other global jurisdictions.”
Tonkinson said that while significant opportunities remain for the resources sector to drive decarbonisation, it may not happen without the removal of barriers within the Government’s control.
The CME has also highlighted the necessity for a low-emission and reliable energy system for the resources sector to achieve emissions reduction targets.
“Most of all, we need action,” Tomkinson said. “We need governments to do what they say they will do in a timeframe that keeps our state and our country competitive.”
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