MARKETS

Union calls for changes to the tax treatment of FIFO

THE federal government should quickly end the preferential tax treatment that companies like BHP ...

Lou Caruana
Union calls for changes to the tax treatment of FIFO

Central Queensland Coalition MPs Michelle Landry and George Christensen should also reveal details about how their proposed amendment to the Fair Work Act 2009 would actually work to fix the issue of 100% compulsory FIFO and whether their own party will support it, Construction Forestry Mining and Energy Union district president Steve Smyth said.

“There’s a Federal election coming up and these are two of the most marginal seats – is this bill just a panicked attempt to regain the support of the community in Central Queensland from two MPs who have sat on their hands for the past two years?

“After all, we won’t forget that Michelle Landry stood beside then Prime Minister Tony Abbott as he defended the 100% compulsory FIFO arrangements at the opening of Caval Ridge.”

Smyth said that the Coalition government had its chance to address the impacts of compulsory FIFO when it responded to the Parliamentary Inquiry led by Tony Winsor in June this year – but it chose to dismiss the concerns of Central Queensland communities.

“The Windsor report offered a clear path forward to mitigate the damaging impact of FIFO on workers, families and communities, but the Coalition Government rejected most of the report’s 21 recommendations and has not yet reviewed FIFO tax arrangements,” he said.

“The fact is that the Turnbull Government still gives big mining companies special tax breaks that reward companies for bypassing local workers.

“When the federal Coalition government dismissed our region’s concerns about compulsory FIFO, we heard nothing but resounding silence from Landry and Christensen.

“If they are now taking the issue seriously then that’s great and we’ll support any effective solution which will stop the damaging impacts of compulsory FIFO – but we need to see the evidence first.”

ICN sought comment from BHP Billiton.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence: Automation and Digitalisation Report 2024

Exclusive research for Mining Magazine Intelligence Automation and Digitalisation Report 2024 shows mining companies are embracing cutting-edge tech

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets