State Mining Tax ‘holiday’ Alarm
Anne Daw – who serves on the Rountable for Unconventional Gas Projects – described the inclusion of a ‘royalty holiday’ in Thursday’s state budget announcement as appalling.
Under the announcement, companies would be given a FIVE YEAR ‘holiday’ from royalty payments to stimulate developments, but they would still need to be paid following the grace period.
“It’s now not only the community that doesn’t want this activity here, it’s the councils who represent the community as well”, Ms Daw said.
“This should not be happening in the South East.”
Ms Daw said while she applauded SELGA for taking a stand, Thursday’s announcement was proof it was not being heard.
“SELGA has sent a clear message to the government” she said.
“What a log of people don’t realise is the whole of the Lower South East is already mapped out for unconventional gas exploration..”
