The Mineral Council of Australia has welcomed new funding initiatives by the Andrews government to regulate the resources sector but is concerned that an additional payroll tax levy will be a burden for businesses.
This follows an allocation of $23.2 million from the state budget to the resources sector.
Meanwhile, the state’s additional payroll tax—which has been criticised by various industries, including the private education sector—has been said to come at a “bad time” as the industry seeks new investments.
“This tax increase will be an additional burden on the very businesses that kept the Australian economy from a prolonged recession as the nation battled COVID,” said James Sorahan, executive director of the Minerals Council of Australia (MCA) Victoria….