Labor plans to jack the fees up by 234 per cent.
Labor's sneaky new mining and extractive industry fees will drive miners from the state and drive the prices of housing up.
Victoria's state taxation revenue take has increased from $16.9 billion in the 2013-14 financial year to $39.2 billion (2024-25 Budget Update), a hit on families and businesses of an extra $22.3 billion by an increase of 132 per cent.
These new taxes on miners and extractive industries will just add more, while risking seeing less revenue as projects are driven from the state by extreme fees and the tangled and complex regulation overseen by Labor.
Shadow Minister for Resources, David Davis, said: "The Allan Labor Government is on a tax binge, jacking up taxes and charges on Victorian households and businesses.
"There are now more than 60 new or increased taxes since Labor came to power almost 11 years ago in 2014. The latest is a sneaky hit on miners and extractive industries is totally counterproductive.
"Labor's new hit on the mining and extractive industries is an extreme thump that will make projects in this state much less attractive, in fact miners will be driven away by the sneaky Labor plan to jack the fees up by 234 per cent.
"Labor's planned levies dressed up as 'cost recovery for the resources sector' is just yet another Labor tax. It's a blow to productive investment.
"Doesn't Jacinta Allan understand that if you hit miners with these tax increase of 234 per cent they will go elsewhere, and we won't get the good jobs we otherwise would have had?
"Doesn't Jacinta Allan get that if government jacks up the levy costs by 234 per cent for extractive industries the costs will just be pushed through to construction driving up the price of housing?
"Extractive industries are direct inputs to housing costs; why would you jack them up 234 per cent in a housing crisis?
"Labor cannot manage money, and Victorians are paying the price"
