Skip to main content

Business News Releases

Royalty certainty essential to protect Qld economy from COVID-19 impacts

A LEGISLATED10-year hold on the rate of royalties applied by the State Government to Queensland's resource commodities will create more jobs and strengthen COVID-19 recovery efforts, according to the Queensland Resources Council.

QRC chief executive Ian Macfarlane said maintaining royalty rates – already Australia’s highest - at current levels for the next 10 years sends a clear message to investors around the globe that 'Queensland is open for business'.

"Before COVID-19 hit, the Queensland Government confirmed the royalty rates on coal and metals would remain stable until 2022, and for petroleum until 2025, which the resources industry welcomed," Mr Macfarlane said.

"Given the importance of the resources sector in leading the State in its economic recovery, the QRC welcomes today’s announcement by the LNP that it would legislate a 10-year freeze on royalty rates until 2030, because it’s exactly what Queensland needs right now.

“As the peak representative body for Queensland's explorers and producers of coal, metals and gas and supplier companies, the QRC calls on all members of State Parliament to support the LNP’s proposal to give the industry the confidence to play its part in Queensland’s COVID-19 recovery.”

Mr Macfarlane said the resources industry had been through a period of turmoil and upheaval with Queensland’s royalty regime, to the sector’s detriment.

"We know Queensland’s regulatory uncertainty has already impacted investment decisions for resource projects which operate for decades, and benefit our state economy for even longer,” he said.

“A decade of royalty certainty is the shot in the arm the Queensland economy needs as we unite and recover from COVID-19.”

Mr Macfarlane said as Queensland’s largest export industry, the resources sector was committed to paying its fair share of royalties, and the LNP proposal would lock in that definition of fair for a decade.

“Without new investment, jobs, exports and royalties the Queensland Government will simply not be in a position to finance a COVID-19 recovery,” he said.

“Before COVID-19, the Queensland resources sector employed more than 372,000 Queenslanders and generated $76 billion in economic activity across the State, creating more than $5 billion in government royalty revenue.

“Queensland needs to secure every job and every dollar, if we are to bounce back from COVID-19 as quickly and as strongly as possible,” Mr Macfarlane said.

www.qrc.org.au

ends

  • Created on .

Remote community food inquiry continues

THE INQUIRY into food pricing and food security in remote Indigenous communities will hold a public hearing tomorrow.

Julian Leeser MP, Chair of the House of Representatives Indigenous Affairs Committee, said the Committee would hear from stakeholders from Queensland, including the key industry players Community Enterprise Queensland and Sea Swift, and also from Indigenous peak bodies from the Northern Territory and New South Wales.

"The Committee looks forward to gaining further insights into the complexities of the food supply chains and store management in the top-end of Australia, and the experiences of Aboriginal organisations with food pricing and availability," Mr Leeser said.

The hearings will be conducted via telephone and video links due to social distancing requirements relating to COVID-19. Full programs are available at the inquiry website.

Public hearing details

Date: Wednesday 12 August
Time: 9am to 11am; 1pm to 4.40pm
Location: Via conference call

An audio broadcast will be accessible at aph.gov.au/live

ends

  • Created on .

Working women, affordable childcare key to economic recovery: Ombudsman

THE Australian Small Business and Family Enterprise Ombudsman Kate Carnell said a new report by the Grattan Institute makes a clear economic case for affordable childcare.

Cheaper childcare: a practical plan to boost female workforce participation” estimates an overhaul of the childcare subsidy system would add $11 billion to GDP per year and increase hours works by 13 percent," Ms Carnell said.

In the report, the Grattan Institute recommends the Federal Government invest an extra $5 billion per year on childcare subsidies.

Ms Carnell says affordable childcare is critical to ensuring women can work, including women in small businesses.

“38 percent of small businesses are owned and operated by women and that number has been growing,” Ms Carnell said.

“Many of these women are mothers who rely on childcare as they work to get their businesses back up-and-running again.

“For those surviving on JobKeeper, childcare fees are unaffordable. That means one parent – mothers more often than not – need to spend more time at home. It’s bad for business and even worse for the economy.”

The report refers to the ‘workforce disincentive rate’ which leads many mothers to work three or four day weeks, because working an extra day would offer virtually no take-home pay.

“Now is the time for the government to be implementing innovative ways to increase the female participation rate,” Ms Carnell said.

“The report shows that under the current system, a family with two kids in childcare on $60k FTE - the primary carer gets $2 per hour for day four and nothing for day five.

“There’s no doubt that affordable childcare would allow more women to work on growing their businesses, which would deliver productivity gains," she said.

“While the Grattan Institute recommends an expanded subsidy scheme, the government could also make childcare more tax-effective.

“After all, getting people back into jobs is key to Australia’s economic recovery.”

www.asbfeo.gov.au

 

 

  • Created on .

Nuclear Science and Technology Organisation to appear before COVID-19 inquiry

A PARLIAMENTARY inquiry into the impact of COVID-19 on Australia’s defence, trade and international relations will hear from the Australian Nuclear Science and Technology Organisation (ANSTO) at its next public hearing.  

Senator David Fawcett, chair of the Parliament’s Foreign Affairs, Defence and Trade Committee, said ANSTO is a leading producer and exporter of some of the most important nuclear medicines used in diagnosing and treating cancers, heart disease, and neurological disorders.

Senator Fawcett said, “ANSTO has worked hard to ensure Australians have ongoing access to vital nuclear medicines during the COVID-19 pandemic, but it is also doing important work in the processing of rare earth metals, an area that has great potential to enhance Australia’s sovereign capabilities.”

Witnesses from ANSTO will give evidence on their work in nuclear medicine, and their work in international forums like the International Atomic Energy Agency, as well as in rare earth mineral processing.

Full terms of reference for the inquiry are on the Committee website.

Public hearing details

Date: Tuesday 11 August
Time: 4:30m – 5.30pm AEST 
Location: By teleconference

The hearings will be audio streamed live at aph.gov.au/live.

ends

  • Created on .

Legal win for Australian seafarers trying to prevent replacement of MV Portland with foreign vessel

THE Federal Court has handed a major legal victory to 10 Australian seafarers who undertook a two-month sit-in to prevent their vessel, the MV Portland, from being replaced by foreign flag-of-convenience ships crewed by exploited workers.

The seafarers and their union, the Maritime Union of Australia (MUA), have been in a four-and-a-half year legal battle with the Fair Work Ombudsman, which is seeking fines and damages over allegations the crew’s refusal to leave the vessel constituted unlawful industrial action.

In November 2015, the crew found out from media reports that Alcoa was planning to sack 40 Australian seafarers and sell the MV Portland, which had been carrying alumina from Kwinana in Western Australia to its Portland Aluminium Smelter in Victoria for 27 years.

The 10 seafarers on board refused to sail the vessel to Singapore, where it was to be sold, occupying the vessel for two months before they were forcibly removed by security guards in the dead of night and replaced by a foreign crew.

Federal Court Justice Mordecai Bromberg ruled in favour of the MUA’s argument that a clause in the vessel’s employment agreement that stated it was in place “whilst the vessel operates in the trade” meant it had ceased to apply at the time of the sit-in.

In his judgement, Justice Bromberg said that given the critical nature of this argument to the FWO’s case, it would seem to follow that the substantive proceeding should be dismissed.

MUA assistant national secretary Ian Bray said the decision was a significant win for the seafarers involved.

“For four-and-a-half years, the Fair Work Ombudsman has pursued legal action against the union and our members, refusing numerous attempts to mediate a resolution and instead taking it to trial in the Federal Court,” Mr Bray said.

“The ruling by Justice Bromberg, which confirms the long-argued position of the MUA and our members that the employment agreement ceased to operate once Alcoa announced the MV Portland was being replaced from service, blows a hole in the FWO case.

“This is a significant victory for the 10 brave Australian seafarers who spent two months on board this vessel, without pay, in an effort to defend one of the few remaining Australian-registered vessels trading on our coast.

“After four long years, this not only brings us a step closer to averting fines for our members, it could be a watershed industrial relations decision with significant implications for other workers.”

Mr Bray said the public should hold the Turnbull, Abbott and Morrison governments to account for their role in not only sending these jobs offshore, but then prosecuting the Australian workers who tried to save them.

“Every step of the way, the Federal Government has been supporting the loss of these skilled jobs,” he said.

“They issued the temporary licences required to use foreign flag-of-convenience vessels to undertake this trade around the Australian coast, they granted the visas for the foreign crew who were flown in to replace these seafarers, and they then set their industrial relations attack dog on them.

“Rather than support Australian jobs, we have seen successive Coalition governments continue the decimation of Australia’s maritime supply chains, leaving the nation almost completely dependent on foreign vessels to move essential goods around our coastline.

“The only way multi-national companies like Alcoa have been able to get away with slashing the jobs of Australian seafarers is because the Federal Government continues to support this race to the bottom by issuing temporary licenses to use foreign vessels with exploited crews on coastal shipping routes.

“Four-and-a-half years on, Alcoa is continuing to use flag-of-convenience vessels crewed by seafarers that are paid as little as $2 per hour, all while enjoying multimillion dollar taxpayer-funded subsidies from the Victorian Government.

“Despite happily taking millions from Australian taxpayers, this American multinational refuses to employ a single Australian seafarer on what is clearly a permanent domestic trading route.” 

ends

  • Created on .