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. 07.09.2018
    07.09.2018
    by      In
    Fifteen companies from Victoria and South Australia have been named as recipients of almost $19 million worth of grants under the second and final phase of the government’s Advanced Manufacturing Growth Fund.
    The $47.5 million fund was set up in the 2017-18 Budget as part of a $100 million package... Read More
  2. 03.09.2018
    03.09.2018
    by      In
    Australian manufacturing continued its inexorable march forward during August, with the Ai Group’s Australian PMI rising back into high growth territory at 56.7 – up from July’s 52.0, which had suggested that growth was slowing. The August figure marks the 23rd consecutive month of expansion.... Read More
  3. 01.08.2018
    01.08.2018
    by      In
    The sustained growth of Australian manufacturing industry slackened off in July with the Ai Group’s Australian PMI dropping to 52.0 – down from 57.4 9 in June and further down from its high point of 63.1 in March 2018.
    However, the sector continues to grow, albeit at a slower rate, and the July... Read More
  4. 11.07.2018
    11.07.2018
    by      In
    “The National Electricity Market is largely broken and needs to be reset,” said ACCC Chair Rod Sims in launching the final report of the Australian Competition & Consumer Commission’s Retail Electricity Pricing Inquiry.
    Sims went on to acknowledge that: “Previous approaches to policy,... Read More