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A government taskforce has been established to focus on the next phase of the anticipated resources boom.
A government taskforce has been established to focus on the next phase of the anticipated resources boom.

Federal Government commissions new resources statement

The mining and resources industry could benefit from a government taskforce created to cut red tape, attract more investment and build additional support for the sector.

Established by the Federal Department of Industry, Innovation and Science, Andrew Cripps, the former Queensland Minister for Natural Resources, will lead the ‘Resources 2030 Taskforce’.

“The taskforce will identify bold, attainable reforms that will ensure the sector’s competitiveness and sustainability to 2030 and beyond.”
Department of Industry, Innovation and Science

“The taskforce will identify bold, attainable reforms that will ensure the sector’s competitiveness and sustainability to 2030 and beyond,” a department statement said.

“To do this, the taskforce will consider the operation of the Australian resources sector, the nature of Australian Government policies and support, and ongoing risks and opportunities.”

The government will use the findings to develop a ‘resources statement’ in the second half of 2018, the Hon Matt Canavan MP, the Federal Minister for Resources and Northern Australia said.

Andrew Cripps, the former Queensland Minister for Natural Resources, will lead the ‘Resources 2030 Taskforce’.
Andrew Cripps, the former Queensland Minister for Natural Resources, will lead the ‘Resources 2030 Taskforce’.

“A resources statement will allow us to better deal with the changes in technology and community expectations so we can remain competitive and capture new opportunities,” Canavan said. “This will be the first time since the late 1990s that the Australian Government has mapped out a policy statement for the sector.”

Queensland Resources Council chief executive Ian Macfarlane (himself a former federal resources minister) was quoted by The Age as saying the taskforce was “very timely”.

"The constant introduction of more regulation is what chokes the industry and deters investment. So we want to make sure that we've got that being addressed," Macfarlane added.

The taskforce will review potential reforms in areas such as investment, community, exploration and business development, innovation and technology and environment. A report is expected to be handed down by August 2018.

More reading
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Sunday, 19 August, 2018 12:43am
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