Group executive news

Group executive news

Resources sector boosts federal budget spending spree

12.05.2021

The mining industry exceeded government expectations in its tax receipts, accounting for 30 per cent of company tax collections, which is forecast to reach $100.5 billion by 2024-25.

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Surging iron ore prices a ‘get out of jail free card’ for Morrison and Frydenberg

12.05.2021

Accenture Managing Director Andrew Charlton says a recent surge in iron ore prices is a “get out of jail free card” for Scott Morrison and Josh Frydenberg.

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THE IRON GIANT

12.05.2021

Booming iron ore exports are supercharging Australia’s pandemic recovery, helping to deliver the Federal Government a company tax windfall this year that’s almost $9 billion higher than forecast.

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Australia’s iron ore boom: Investors profit as global economy recovers

11.05.2021

It is one of the most isolated major cities on earth, boasts some of the world’s finest beaches and is mercifully Covid-19 free.

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Iron ore is saving Australia’s trade with China. How long can it last?

10.05.2021

Now, one commodity is almost single-handedly keeping the trade relationship afloat: iron ore.

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IRON ORE GIVES BUDGET BOOST

09.05.2021

Australia’s Budget bottom line is recovering faster than expected, driven largely by the strength of WA’s iron ore sector, with analysts now suggesting it could be back in surplus within four years.

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WINDFALL FROM BOOM IS A BUDGET GODSEND

08.05.2021

IRON ORE PASSES RECORD $200/T Article by Sean Smith courtesy of the West Australian Iron ore and copper have burst into uncharted territory amid a commodities boom that has fuelled expectations of an emerging supercycle and set the scene for ...

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Iron ore export boom boosts fiscal bottom line by $30bn

07.05.2021

“Almost half of this increase came from stronger company tax revenue, reflecting higher iron ore prices,” the Parliamentary Budget Office said.

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Iron ore boom to bolster Frydenberg’s war chest by $36b

07.05.2021

Article by Ronald Mizen and Peter Ker courtesy of the Australian Financial Review An extra $36 billion will flow to federal coffers if record iron ore prices persist until Brazilian supply resumes at full capacity, giving the Morrison government extra financial ...

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Budget driven by WA

02.05.2021

Editorial courtesy of the Sunday Times, Perth WHEN Federal Treasurer Josh Frydenberg gets to his feet in Parliament to deliver his Budget speech in just over a week, much of what he will say will have been made possible by ...

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