Wyatt Roy, Federal Member for Longman this week slammed the government’s plan to replace the mining royalties system that sees Queensland benefit from mining of its resources.
In Parliament this week Mr Roy said that taking away the certainty of Queensland’s mining royalties would result in uncertainty and a further crisis in confidence for local small businesses.
“It is not just the direct impact that this tax will have on the mining companies themselves, it is also the trickle down effect that we see for all areas of our economy. In my electorate there are many who will be indirectly impacted by the changes to the mining industry,” said Mr Roy.
“Longman businesses rely on confidence in the market, strength of our country’s economy which in Queensland is largely based on the continued prosperity of the mining industry.
“While it is vital that as a nation we take advantage of the current mining boom, that should not be at the expense of future potential investment,” Mr Roy said.
Mr Roy is concerned that the Mining Tax, the 19th new tax that this government has introduced or increased, is just another opportunity for a tax grab by the Labor party, as a means to fund its wasteful spending.
“I am concerned that this government is taking the easy way out, that it is failing to make the tough decisions,” said Mr Roy.
The video of Wyatt’s full speech will be made available on his website www.wyattroy.com.au.
