Second mining boom possible: Abbott

Opposition Leader Tony Abbott says the coalition will help make a second mining boom possible if it's elected.

Second mining boom possible: Abbott

Opposition Leader Tony Abbott says the coalition will help make a second mining boom possible.

A second mining investment boom could hit the Australian economy if there's a change of government, Opposition Leader Tony Abbott says.

He says the Labor government has helped "kill" the mining boom by implementing the mining and carbon taxes.

Unnecessary red tape for businesses and the Labor government's move to abolish the Workplace Relations Construction Commission have also helped prematurely end the boom, Mr Abbott told 2SM Radio on Monday.

The coalition has promised to scrap the carbon and mining taxes if it wins the September 7 election.

It's also committed to reducing the regulatory burden on businesses by $1 billion a year.

"I think the mining boom could only come again under a government which gets it ... which abolishes all these other unnecessary taxes," Mr Abbott said.

"These unnecessary taxes are doing us an enormous amount of damage and that's what will go there's a change of government".


Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world