News
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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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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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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