QRC chief executive Michael Roche said while the minerals and energy sector supported a cautious approach to the budget, the Government should not overlook investment opportunities that could create long-term prosperity.

"The Government's election commitments, including a flow-through share scheme to support mineral exploration and the development of clean coal technologies, are at the top of the Queensland Resources Council's must-do list," Roche said.

"We are also hoping to see a federal budget commitment to the infrastructure audits that the QRC campaigned for in its pre-selection agenda."

Roche said the Rudd Government's creation of Infrastructure Australia, a statutory advisory council, is an important first step towards maximising the economic contribution of the nation's export industries.

However, he said it is the way the council is made up that will determine its effectiveness in Queensland.

"From Mount Isa to Cape York through to Gladstone and the energy hubs of the Bowen and Surat basins, potential needs to be matched with the ability to deliver the commodities our global customers require," Roche said.