Date Time
CME welcomes Federal Budget focus on future of mining and resources sector
The Chamber of Minerals and Energy of WA (CME) welcomes measures announced in the 2021-22 Federal Budget to encourage investment in mining and resources, help develop the sector’s workforce of the future and foster the use of technology to deliver lower emissions energy.
CME Chief Executive Paul Everingham said Australia’s stronger than previously expected economic position highlighted not just the nation’s ability to negotiate the COVID-19 pandemic but also the contributions of the mining and resources sector.
Budget documents showed higher-than-expected iron ore prices resulted in a resurgence of Australia’s terms of trade, and increased company tax receipts of $3.4 billion this year and $7 billion over forward estimates.
THE ECONOMY
WHAT HE SAID: Australia is coming back. In the face of a once-in-a-century pandemic, the Australian spirit has shone through. Team Australia at its best.
WHAT HE MEANT: If you are criticising this Budget you are actually criticising Australia and therefore you are a no good commie pinko rat. Donât be a pinko rat and criticise the budget. Picture: iStock
SECURITY
WHAT HE SAID: A plan that builds a more resilient and secure Australia. It is a plan guided by our enduring values.
WHAT HE MEANT: Australian values, Coalition values, Liberal values - whatever you want to call them. The point is they re not Chinese values.
The Australian Government has announced it will be funding the countries first tax break for the games industry, with a 30 per cent offset. The move is set to energise the industry in the country, as previous tax breaks in the likes of Canada and the UK have.
Announced as part of the broader Digital Economy Strategy (via Gamesindustry.biz), in which the country is investing $1.2bn of this year’s budget, with a plan that leads all the way up to 2030.
Australian and New Zealand trade body IGEA welcomed the move, describing it as “one of the most significant [tax incentives] to be implemented anywhere in the world.”
THE ECONOMY
WHAT HE SAID: Australia is coming back. In the face of a once-in-a-century pandemic, the Australian spirit has shone through. Team Australia at its best.
WHAT HE MEANT: If you are criticising this Budget you are actually criticising Australia and therefore you are a no good commie pinko rat. Donât be a pinko rat and criticise the budget. Picture: iStock
SECURITY
WHAT HE SAID: A plan that builds a more resilient and secure Australia. It is a plan guided by our enduring values.
WHAT HE MEANT: Australian values, Coalition values, Liberal values - whatever you want to call them. The point is they re not Chinese values.
Date Time
Australia’s communications, media and arts sectors helping secure our recovery
The Morrison-McCormack Government is securing Australia’s recovery through significant commitments to strengthen our communications, media and creative arts sectors, helping to rebuild our economy, secure jobs and support communities as we continue our resurgence from the COVID-19 pandemic.
Digital service delivery has become more important than ever, with many sectors rapidly digitising over the past year to meet the demands of home-based work. This is why the Government’s Digital Economy Strategy plays a central role in the 2021-22 Budget, as we establish an enduring program to connect Australians and keep them safe online.