Within the Economics & Tax Portfolio, CME is focused on the following strategies to deliver the industry's vision:
- Coordination between the responsibilities of government, industry and community in the provisions of social and physical infrastructure
- Legislation is enacted which formalises risk management principles
- Government processes are streamlined, transparent and simplified, reducing regulatory burden
- Highly competent and responsive government agencies
- Government policy increases the attractiveness of WA as a destination for investment
- An efficient and cost effective national emissions trading scheme that does not harm the international competitiveness of WA as a destination for investment.
- State policy settings are consistent with broader agreed international and national settings.
Projects and Issues
Following is a list of key projects being developed by the Economics & Tax Committee:
- Continue to advocate for a carbon pricing mechanism that promotes the abatement of greenhouse gas emissions at the lowest cost, while minimising adverse social and economic impacts, including on the international competitiveness of the sector.
- Ongoing advocacy to minimise the impact of the MRRT on the iron ore and coal sectors.
- Quarterly resources and economics report to provide members with comprehensive overviews of the health of the WA resource industry using a range of lead and lag indicators.
- Ongoing reviews and submissions to the State and Federal government budget processes.
- Develop a body of work to assist advocacy activities on two key topics:
- Scenario analysis on WA economic outlook.
- Overview of resource industry economic contribution to WA.
- Represent member interests on a range of other matters including royalty rates, local content policy and local government ratings.
The Economics & Tax Standing Committee is tasked with leading policy development on taxation and economic issues impacting the resources sector.
The Committee is Chaired by Jason Cooke of Minara Resources Limited.