MARKETS

Diesel rebate cut never on the cards: Swan

AUSTRALIAN Treasurer and Deputy Prime Minister Wayne Swan has slammed rumours of a cut to the die...

Kristie Batten
Diesel rebate cut never on the cards: Swan

“Obviously we were disappointed to see the way in which a rumour or an assertion about the diesel fuel rebate was put around the business community, not just in WA but nationally,” Swan told an American Chamber of Commerce in Australia luncheon in Perth yesterday.

“There was no reason for it.”

The comments were in response to a request by Atlas Iron chairman David Flanagan to rule out any future cut to the rebate.

It was widely expected that the government would cut the diesel fuel rebate in the budget and miners had lobbied hard in the lead-up.

“It didn’t have any origins in anything the government was doing in preparation for this year’s budget – none whatsoever,” Swan said.

Swan said following last year’s tax forum, four areas where there could have been savings in the business community were put forward for consideration in the lead-up to the budget.

“The diesel fuel rebate was not one of those,” he said.

“It wasn’t a recommendation of that group though I’m sure there is many people who are convinced it was, but it simply wasn’t.”

Flanagan then pressed Swan to rule out any further taxes on the mining industry.

“I’m not ruling anything in or out and I never do during a budget process,” Swan said.

“Any government action on the diesel fuel rebate was not in contemplation at all, not recommended by that group … and I regard the way in which that rumour was circulated around the community as particularly malicious because it was never at any stage being contemplated by the government.”

This article first appeared in ILN's sister publication MiningNews.net.

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

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

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production