Perhaps the single best option for tackling these issues is to provide an unlimited work bonus which would allow pensioners to earn as much as they want from work and just pay income tax like everyone else. This is not to suggest a universal pension — eligibility would still be subject to an assets test and other income tests — but to give pensioners greater freedom to work if they choose to. It will give greater freedom and prosperity to pensioners who choose to work, it will increase revenue from the tax on additional income earned, and it will provide immediate relief to businesses across Australia struggling with worker shortages.
A message from the Executive Chairman
A message from our Executive Chairman Read the latest e-news from Roy Hill’s Executive Chairman, Mrs Gina Rinehart as well as broader Group and company news.
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About Roy Hill
Roy Hill is one of Australia’s major resource-based operations, currently producing 60Mtpa of iron ore for international markets from our low phosphorus Marra Mamba iron ore deposit. Our integrated operation encompasses the entire supply chain, including mining, processing, rail and a purpose-built port facility.
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We’re leading the way in minesite and remote operations innovation, incorporating new technologies that result in higher quality product, less waste, a safer workplace and improved efficiencies. From automated drill rigs to the award-winning Lightning Protection System, this is the smart future of iron ore.
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Group executive news
Australia has half a million jobs up for grabs but is finding it near impossible to fill most of them. The Prime Minister’s $5.4b plan to make child care cheaper for families also forms a central part of his strategy to address the skills shortage. But Mr Albanese is also facing calls to encourage pensioners to return to the workforce. New Liberal leader Peter Dutton has pressed the Albanese Government to allow pensioners to earn more money without seeing their pensions being cut back — borrowing an idea championed by WA mining magnate Gina Rinehart and rejected by the Coalition. Currently pensioners can earn $300 a fortnight before their pension payments are reduced, but Mr Dutton wants the income threshold to be increased to $600.
Estimates from Deloitte Access Economics have a 5 per cent rise in the number of over-55 s in the workforce as boosting national gross domestic product by $48 billion. The idea has long been championed by WA mining billionaire Gina Rinehart, pictured right. Mr Dutton confirmed conversations with Mrs Rinehart had helped inform his stance. Mrs Rinehart said she applauded Mr Dutton “for the leadership he has shown on this issue”. “I would encourage the Government to not only consider the benefits to the department of eliminating pensioners’ paperwork but the revenue generated from additional income tax … and businesses then able to generate more taxable profits,” she said. Mrs Rinehart wants the Government to go further than Mr Dutton’s policy however, by eliminating any upward limit to what pensioners can earn, “and just let them contribute like other Australians by paying income tax” .
12 August 2022.
On Thursday 21 July 2022, Roy Hill celebrated the 10,000th train journey on its rail network. Roy Hill Chief Executive Gerhard Veldsman said this milestone is a testament to the vision of our Executive Chairman, the tenacity of Roy Hill and the hard work of its people. "We know this doesn't just happen. It involves people at many levels operating together safely and effectively over many years. Well done to everyone involved in this incredible milestone," he said. This milestone comes after nearly seven years after the first trainload of high-grade fine ore railed from Roy Hill to Port Hedland on 22 November 2015.DaysHoursMinutesSeconds
TO THE OPENING CEREMONY OF THE OLYMPIC GAMES PARIS 2024
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