CCI calls on Gillard to scrap RSPT

BUSINESS groups have wasted no time in the wake of this morning’s change of leadership in Canberra, with the Chamber of Commerce and Industry Western Australia immediately calling on new Prime Minister Julia Gillard this morning to make fundamental changes to Labor’s policy direction.

The call came at the launch of a new economic report on the potential impact of the resources super-profits tax, which the chamber said shows that the tax will cost the WA economy more than $60 billion over the next 10 years.
The first of its kind to examine the effect of the tax on the broader local economy, according to the CCI, the ACIL Tasman report promises there will be a devastating impact on the WA economy if the RSPT is introduced as planned.
The report looks at the impact on the WA economy if major mining projects are cancelled or delayed, as forecast by the mining industry, and at the impact of companies deciding to prioritise overseas projects ahead of those in the state.
According to the CCI, ACIL Tasman found that up to 100,000 potential jobs will be lost over the next 10 years, and economic growth in WA will be slashed.
Economic growth will drop ahead of the actual introduction of the tax, with promised project cuts likely to cut economic growth from 4.25% next year to 1.7% – the equivalent of $4.4 billion and 17,000 jobs, according to the CCI.
CCI chief executive James Pearson said this morning new Prime Minister Julia Gillard needed to make immediate changes to Labor’s policy direction to safeguard the WA, and the broader Australian economy.
He called on Gillard to immediately scrap the RSPT as her first action as prime minister.
“It’s not the person that matters as prime minister, it’s the policies, and what we need in WA is clear,” Pearson said.
“First, scrap the mining tax – a bad idea, very badly sold. Two, take the handbrake off immigration – we need more workers in this state to build the projects and create more jobs, and thirdly, call off the union dogs.
“Industrial relations systems in this country have been skewed too far under this government towards the interests of unions and right now they’re striking right at the heart of our most successful industry, the resources industry.”
At a press conference this morning Gillard showed some significant signs the government may shift ground on the RSPT.
While she refused to outline what changes might be made to the model, and reiterated the previous government's line that miners should pay more tax, Gillard also said she would begin to "negotiate" with the mining industry over the proposed new tax.
She said her government would immediately cancel its advertising campaign over the tax, and called on the mining industry to do the same, as a show of good faith.
"What I am saying, and it's a genuine offer, is the door of this government is open. I am opening that door, and I am asking the mining industry to open its mind," she said.
"I believe that Australians are entitled to a fairer share of the mineral wealth that is in our ground and belongs to all of us.
"We will negotiate through with the mining industry and I do believe there is a consensus emerging that Australians are entitled a fairer share, and that the mining industry can pay more tax," she said.
"Building on that consenses

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