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This website is in imminent danger of being shut down. It has been online since 1995, but the personal circumstances of the owner, Malcolm Farnsworth, are such that economies have to be made. Server costs and suchlike have become prohibitive. At the urging of people online, I have agreed to see if Patreon provides a solution. More information is available at the Patreon website. If you are able to contribute even $1.00/month to keep the site running, please click the Patreon button below.


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Mining Tax Abolished As Government Deals With Palmer

2.20pm – The federal government has struck a deal with Clive Palmer and the Senate has voted 36-33 to abolish the mining tax.

The agreement will see the Income Support Bonus continue until the end of 2016. The Schoolkids Bonus will also continue until the end of 2016 but will be means-tested and eligibility will cut out for family incomes above $100,000. The Low Income Super Contribution will continue in its existing form until June 30, 2017. The agreement will also see a slower increase in compulsory superannuation, with an increase to 10% from July 2021 and then by increments until it reaches 12% in 2025. [Read more…]


Mining Industry Advertising Campaign Starts Again

The mining industry has turned to advertising to argue its case against increased mining taxes.

The Minerals Council of Australia has placed the advertisement below on page 9 of today’s edition of the Financial Review. It also appears in The Australian.

The advertisement comes as debate over the lack of revenue from the Gillard government’s mining tax gathers pace. It coincides with an interview yesterday with former Prime Minister Kevin Rudd in which he laid the blame for the tax at the feet of Prime Minister Julia Gillard and Treasurer Wayne Swan.

An advertising campaign by the mining industry in 2010 played a role in the downfall of Kevin Rudd.

Minerals Council