none

Business chiefs urge Senate to support carbon tax repeal

15-02-2010
by 
in 

Four of Australia's leading business groups are calling on the Senate to swiftly repeal the carbon tax.

In a joint statement, John Osborn, COO, Australian Chamber of Commerce and Industry, Innes Willox, Chief Executive, Australian Industry Group, Jennifer Westacott, Chief Executive, Business Council of Australia and Brendan Pearson, Chief Executive, Minerals Council of Australia, say the tax is making our key industries less competitive every day it stays in place.

Australia's carbon tax is one of the highest in the world.

Most businesses have been unable to pass their carbon tax-related costs on to customers, the business leaders said.

“For small business especially, this has been a major burden that has reduced profitability, suppressed employment and added to already difficult conditions.

“The negative economic impact of the carbon tax on energy prices and jobs is recognised by both major parties. That is why there was bipartisan support for the 'termination' of the carbon tax at the last election.”
Many cross-bench Senators were also elected on a platform of repealing the carbon tax. But timing makes all the difference.

“Acting now to repeal the carbon tax would boost business confidence and should be part of a broader national push to reduce high energy costs, they said.

“Delaying repeal until the new Senate sits would not achieve anything for the environment. It would simply expose business to increasing and damaging uncertainty over the electricity prices they will be obliged to pay from July 1, this year.

“We urge the Senate to repeal the carbon tax as soon as possible.”

Related news & editorials

  1. 08.05.2018
    08.05.2018
    by      In
    With noises from both sides of politics about company tax reform, this year could well be the last chance for small to medium manufacturing enterprises to take advantage of the ATO’s Instant Asset Write-Off Scheme.
    For the benefit of those who might have forgotten, the scheme, which was originally... Read More
  2. 08.05.2018
    08.05.2018
    by      In
    Australian manufacturing continued its run of growth in April 2018, with the Ai Group’s Performance of Manufacturing Index coming in at 58.3 for the month – a positive figure, albeit down 4.8 points from the all-time record set in March. The figures mark the 19th consecutive month of expanding or... Read More
  3. 08.05.2018
    08.05.2018
    by      In
    One of the most eagerly awaited sessions within the NMW 2018 conference will be a Case Study and Panel Discussion on “Supporting energy solutions”, which will be held in the Industry 4.0 Theatre at 2.40pm on Thursday 10th May and will be sponsored by Industry Update.
    The initiative for the session... Read More
  4. 07.05.2018
    07.05.2018
    by      In
    Even as Australia's manufacturing sector continues to reach new heights in expansion and consumer confidence, investigation shows that a significant proportion of manufacturers are heavily reliant on single key customers to stay in business. 
    The report, published by the Advanced Manufacturing... Read More