Authorised by Chris StoneLiberal Party of Australia, NSW DivisionLevel 2, 131 Macquarie StreetSydney NSW 2000Phone: (02) 8356 0300
Australia’s resources sector has helped power Australia’s economy, including through the COVID-19 pandemic. The sector accounts for around 10 per cent of Australia’s GDP and more than 60 per cent of Australia’s exports. It directly employs nearly 280,000 people and indirectly supports the jobs of some 1.1 million Australians, as well as many communities and businesses across regional Australia.
Australia is uniquely blessed with natural resources. Iron ore, coal and natural gas are Australia's top three commodity exports. Gold, copper, nickel, alumina and aluminium are other major export earners. Technological change is also driving strong demand for critical minerals and rare earths.
With strong policy settings, our resource exports are forecast to reach $425 billion in 2021-22. Only the Morrison Government has a plan to support and grow Australia’s resources sector. Only the Morrison Government can guarantee that we will not put resource industries, regions and jobs that depend on resource industries at risk.
A re-elected Coalition Government will:
A re-elected Coalition Government will not:
Our resources sector faces a real threat from Labor whose track record is one of hitting the resources sector with new taxes and back-flipping on their support for resources projects.
Labor has already promised to spend $81 billion more on policies throughout the pandemic. Labor can’t say how they’ll pay for their promises. And they can’t manage money. That means higher deficits and higher taxes.
The Australian people have the choice between the Morrison Government that is delivering a strong economy and a stronger future or Anthony Albanese’s Labor Party that just does not get the resources industry and is too weak to stand up to the Greens and the unions.
Australia’s resources sector has enriched the lives of all Australians. It provides the lifeblood of many regional and remote communities and has helped lift millions of people in the Indo-Pacific region out of poverty. The sector accounts for around 10 per cent of Australia’s GDP and more than 60 per cent of Australia’s exports. It directly employs almost 280,000 people and indirectly supports the jobs of some 1.1 million Australians, as well as many communities across regional Australia.
Our globally-significant resources of iron ore, coal, gas, copper, gold, lead, nickel, zinc, silver and uranium remain in high demand. Our reserves of critical minerals and rare earths are increasingly important as vital components in new technologies in industries like aviation, defence, medicine, automation and telecommunications.
Resource industry export earnings are tipped to reach $425 billion in 2021-22, helping to support the living standards of all Australians. Taxes and royalties from the industry are providing vital revenues for governments to fund roads, hospitals, schools and other essential services. Mining jobs, mostly in regional Australia, pay around one and a half times the national average wage. Our Government strongly supports further growth and development of our resources industry based on world-class capabilities.
Australia has some of the world’s largest recoverable resources of several critical minerals, including cobalt, lithium, manganese, tungsten and vanadium. These metals and non-metals are vital to advanced technology like smartphones, computers, solar panels, batteries and electric vehicles.
Our Government’s Critical Minerals Strategy has a vision of Australia as a critical minerals powerhouse by 2030. This strategy will grow our critical minerals sector, expand downstream processing and help meet future global demand. Growing our critical minerals sector will unlock a new generation of high-wage, high-skill, high-tech jobs, many of them in regional Australia, while contributing to our national security.
Australia’s mining regions have long been major economic powerhouses. The majority of the resources industry’s workforce is located outside capital cities and the industry’s growth sustains many towns and communities in regional Australia.
The Coalition Government is investing heavily in projects that will turbocharge our regional mining communities. While continuing to make the most of traditional mining industries, we are positioning our mining regions to seize opportunities in emerging industries such as low-emissions energy, critical minerals, clean hydrogen and advanced manufacturing. We will continue to invest in the essential services that mining communities rely on, including record investment in health, education, mental health and women’s safety.
The Morrison Government has taken action to get more gas supply into the domestic market and increase competition to drive down prices.
Affordable and reliable gas is a cornerstone of Australia’s sovereign manufacturing capabilities and creating jobs. We will ensure the gas industry has the policy settings and certainty to continue its investment in Australia and employ tens of thousands of Australians.
Australia’s resources sector is highly skilled, technologically advanced and innovative. The Coalition Government has developed detailed plans to ensure Australia remains at the global mining frontier with a highly skilled workforce, world-class research and cutting edge technologies, including low emissions technologies.
The Coalition is making record investments in skills and training, with a strong focus on apprentices and trainees. Our Government is translating great Australian research into new products and jobs and building tighter collaboration between universities and industry through our $2.2 billion University Research Commercialisation Action Plan.
We want to build on our existing resources sector and create more jobs, with carbon capture and storage and hydrogen promising significant growth and opportunity. We are investing $300 million over the next 10 years in CCS projects and hubs and $1.5 billion in hydrogen and associated infrastructure. Both these technologies can help to cut emissions from energy-intensive industries and build the foundations to expand our resources sector and pursue emerging export industries.
While coal-fired generation will remain critical to our electricity supply, the energy market is changing. We are investing $22 billion in renewables and other clean energy technologies, which is expected to unlock more than $84 billion of total private and public investment to achieve lower emissions, while retaining our energy independence.
The Coalition is boosting exploration to uncover and develop new resources, and promoting new opportunities to develop industries in hydrogen and critical minerals by supporting the industry to find new growth opportunities.
Resources projects and operations demand strict, often complex, regulation. Creating an environment conducive to sustained investment requires regulation that is administratively efficient and that meets community expectations and strong environmental standards.Our Government also recognises the challenges some resource companies are experiencing in sourcing financial products, such as affordable insurance.
Industrial relations can play an important role in contributing to the strength of the resources industry. Any changes need to drive jobs and wages growth, boost productivity and strengthen the economy, and ensure protection of employee rights. Our goal is to secure shared gains for employers and workers.
In an industry that competes with other resource-rich countries, that means being able to attract investment capital and to get projects built on time and on budget. Greenfields agreements – an agreement that relates to a new business, activity, project or undertaking prior to the employment of employees – can help provide greater certainty about project costs and timeframes.
According to the Department of Industry, Science, Energy and Resources, at the end of October 2021 there were 160 energy and resource projects at feasibility stage in Australia worth up to $243 billion. This provides the opportunity to create tens of thousands of jobs, both in the construction phase and in ongoing mining jobs.Construction jobs pay on average above $90,000 a year, while mining jobs pay on average above $138,000 a year.
For the first time in 40 years, Australia has a long-term, robust plan to meet our obligations in managing radioactive waste. This is vital to support the essential health services that Australians rely on such as x-rays, nuclear medicine and radiation therapy to treat cancers.
Our Government moved to establish a National Radioactive Waste Management Facility (NRWMF), conducted extensive community consultation, secured a disposal site at Napandee near Kimba, and established the Australian Radioactive Waste Agency to manage radioactive waste.
Our Government has backed Australia’s resources industry to deliver higher national income, significant new investments, more high-wage jobs, consistent trade surpluses, more revenue for essential services and vital economic activity that supports communities, especially in regional Australia.
The future of Australia’s resources and energy sector would be at risk under a Labor Government.
Over the last 30 years, Labor has delivered higher unemployment, higher interest rates, and higher electricity prices. And not a single balanced budget.
Labor has no economic plan and no plan for the resources sector.
Our economic recovery is leading the world. The choice for voters at this election is between a Liberal-Nationals Coalition that stands side-by-side with the resources sector and the 1.1 million jobs it supports and a Labor Party that is clearly divided over the future of Australia’s biggest industry.
A Labor Party with a track record of putting higher taxes on the resources industry. A Labor Party that would place resource industry jobs and exports at risk.
Labor continues to be divided over the future of Australia’s resources industry.
Anthony Albanese has backflipped on key gas projects necessary to ensure Australia’s energy security and bring the price of gas down. He talked down the future of the coal industry before deciding to support new coal mines. He says one thing in Melbourne and another in Western Australia and Queensland.
Mr Albanese was a senior member of a Government that introduced a 30 per cent mining tax and the carbon tax when last in office. Labor’s policies now include a hidden tax on our biggest businesses, many of which are in the resources sector.
At the 2019 election, Labor proposed $387 billion of extra taxes. Labor’s instinct is always to oppose lower taxes and increase red tape on business.
Labor has never fully committed to the fuel tax credit – essential to maintain mining projects and jobs in Australia. Federal Labor opposed the legislative EPBC reforms and instead sat idly – despite state and territory leaders asking for this common sense reform.
And Labor will support continuing to fund green lawfare.
The Greens have outlined their demands to provide support to Labor in a hung parliament that involves killing off projects and jobs.
A divided Labor Party would be drawn to partner with the Greens in a hung parliament. Deputy Labor Leader Richard Marles is on the record saying the end of coal would be a good thing and Shadow Minister Mark Butler told a climate change conference that coal and gas have no future in Australia.
Unlike Labor, a Coalition government will never legislate its emissions reduction targets. Experience overseas shows that legislating any emissions target simply provides a platform for activists to engage in green lawfare.
While our resources sector has provided the backbone for Australia’s economic security through the pandemic, it is at risk under Labor.
Support for all parts of the resources industry, including new gas and coal projects.
Divided on new coal and gas projects.
A Labor-Greens alliance would put a moratorium on all new coal, oil and gas projects – killing off over $500 billion in investment and 80,000 jobs.
No new taxes on mining.
Introduced the job-destroying mining tax and carbon tax when last in government.
Will change the Safeguard Mechanism to force many resources businesses to buy carbon credits, risking local jobs.
Maintained AAA Credit Rating - one of only nine countries to achieve this - and a $103 billion turn around in the budget bottom line in just 12 months.
Labor can’t say how they’ll pay for their promises. And they can’t manage money.
Mr Albanese has never held a financial portfolio. He’s never delivered a budget.
Retain key bodies to enforce the rule of law - the Australian Building and Construction Commission (ABCC) and Registered Organisations Commission.
Will abolish the ABCC and the Registered Organisations Commission.
Ended funding for green activists to oppose legitimate projects.
Committed to enable ‘green lawfare’ against projects.
Funding for the policies in the Coalition’s Plan for Resources is already provided for within Budget estimates.
Authorised by Chris StoneLiberal Party of Australia, NSW DivisionLevel 2, 131 Macquarie StreetSydney NSW 2000Phone: (02) 8356 0300
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