Gina Rinehart: Govt strangling of Australia’s world-leading mining, agriculture industries is creating a ‘nightmare’ scenario for our children
And, as has been reported widely, changing IR policy which will make it more difficult for agriculture, mining and many businesses to create the revenue our hugely in debt country needs. If this scenario is not changed, our youth should understand we are creating a nightmare for them - that they will be struggling with high taxes for the rest of their lives. Many will need to forget about the Aussie dream of owning their own home, as they won’t be able to afford such an investment after meeting government tax burdens. Even in schools, governments have been content to not educate children and grandchildren well. In the current high school national curriculum, which mandates what every school child in Australia is taught, iron ore is referenced only twice. Yet climate change and renewable energy are mentioned 48 times. Mining, coal, and iron ore do not receive even one mention in the entire high school economics and business curriculum!
Read MoreDon’t forget how we got so lucky
Mrs Rinehart said governments "seem to forget" that "modern resources and agricultural industries underpin human flourishing", while reigniting her push for the Federal Government to mark two days in November as national days for the two sectors. "For all the platitudes we hear about supporting the agricultural and resources sectors, their actions show the opposite," she said of governments. "Platitudes and press releases don’t lift a single tonne of any mineral out of the ground." Mrs Rinehart said the growing burden of red tape - including looming "huge increases" to the Environment Protection and Biodiversity Conservation Act — and increasing regulation around net zero emissions, were evidence that government actions defied their supposed support for the sector.
Read MoreMEDIA RELEASE | Bannister Downs Dairy Wins Coveted 2024 People’s Choice Product of the Year
Bannister Downs Dairy is celebrating a milestone win, announced as Western Australia’s 2024 People’s Choice Product of the Year for its Farm Fresh Milk, at the 2024 WA Good Food Guide Awards held at the Fremantle Passenger Terminal. BANNISTER DOWNS DAIRY, a partnership between the Daubney Family and Australia’s leading private company, Hancock Prospecting (HPPL), led by its Executive Chairman Mrs Gina Rinehart AO are thrilled to secure the coveted people vote. BANNISTER DOWNS DAIRY’s Managing Director, Ms Suzanne Daubney said this win is a true measure of the team’s hard work and consumer love for the WA owned and produced milk.
Read MoreHonour industries that transformed Australia
Australia has long been a nation of primary producers, of farmers and miners who go out into regional and outback areas and contend with whatever nature may throw at them to provide the food, fibre and raw materials that we need to survive and thrive. We have cultivated agriculture that feeds and clothes Australians and tens of millions of people around the world. And we have taken risks and developed the minerals that have enabled higher living standards across Australia and the world. Thanks to our primary industries and the many businesses they support, we live in one of the wealthiest countries that has ever existed, and Australians today have among the highest standards of living ever experienced by human beings.
Read MoreRegulatory war via red tape on resources
Shadow resources minister Susan McDonald has accused the Federal Government of a “regulatory war” on oil and gas as red tape drags on more than $20 billion of investment. Writing in The West Australian on Wednesday, the Queensland Liberal-National senator claimed the Government was sacrificing the oil and gas industry — the State’s second-biggest exporter — to win green votes in Sydney.
Read MoreBulk Buys: Back from the wilderness, forgotten stock out to build junior iron ore winner
9 November, 2023.
Read MoreHancock Prospecting warns Closing Loopholes Bill could see mining move to countries with lower standards
“If increased regulatory burdens cause new mining projects to be delayed or cancelled, Australia will be unable to satisfy the rising iron ore demand created by net zero targets,” Hancock Prospecting chief executive of group operations Gerhard Veldsman said. Gina Rinehart has warned controversial industrial relations reforms could push mining away from Australia to countries with lower environmental standards.
Read MoreRed tape growing faster than economy
Australia is struggling under the burden of red tape that is growing at nearly twice the rate of the national economy, leading to urgent calls for parliament to act to cut out-of-date regulations and ban new rules from being imposed without old ones being repealed.
Read MoreIR bill could smash economy
Until recently, debate over the Anthony Albanese’s Closing Loopholes legislation has largely ignored a factor that could smash the economy. Unless this is clarified, resources and energy operations could shut. Thousands of workers could be out of a job. Frankly, it is ludicrous to think the FWC, with only one of its 50 members ever having run a substantial business, could be allowed to make assessments about future work plans that experienced business managers and board directors haven’t yet contemplated.
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HanRoy is part of Hancock Prospecting
