Peak resources industry bodies have thrown their support behind Labor's production tax incentives, encouraging members of Parliament and senators to back the Albanese Government's legislation currently before the House of Representatives.
A Future Made in Australia is all about seizing the vast economic and industrial opportunities on offer from the transformation to cleaner and cheaper energy.
Our production tax incentives will help unlock private sector investment to build a stronger, more diversified and more resilient economy powered by renewable energy that creates secure, well‑paid jobs around the country.
Labor's laws are designed to ensure local workers, industries and communities around Australia are the big beneficiaries of more investment in resources and jobs.
An inquiry by the Senate Economics Legislation Committee into the Government's Critical Minerals Production Tax Incentive released today found widespread support for the bill and recommended the Australian Parliament pass it.
The Association of Mining and Exploration Companies (AMEC), the Chamber of Minerals and Energy Western Australia (CME WA) and the Minerals Council of Australia (MCA) all gave evidence supporting the bill.
The Queensland Resources Council has also previously backed the measure.
The policy will provide a 10 per cent production tax credit to incentivise critical minerals processing at an estimated value of $7 billion over the next 11 years.
The credits are designed to reward success, as the government only pays once a company has processed or refined critical minerals in Australia.
Critical minerals and rare earths are vital inputs to technologies needed for the energy transition such as batteries and solar panels.
They are also essential for the defence industry and to the national security of Australia and partner nations.
Peter Dutton calls our support for Australia's resources industry "welfare for billionaires".
These comments show the Coalition have completely abandoned Australia's resources sector and the workers who rely on it.
Our $13.7 billion in production tax incentives for green hydrogen and processed critical minerals are about more jobs and opportunities for Australian workers.
The Coalition will cut them if they come to government because they couldn't care less about resources jobs.
The Albanese Labor Government's economic plan is all about easing the cost of living and building Australia's future.
People would have been worse off by thousands of dollars over the last couple of years if Peter Dutton had his way, and they'll be worse off still if he wins the election and ditches important policies like Labor's production tax incentives.
