Supporting Australia’s mining companies to create more high-wage, high-skill jobs is the best way to strengthen regional communities and lessen inequality, according to Minerals Council of Australia (MCA) interim chief executive officer David Byers.
The MCA’s submission to the Senate Economics Committee Inquiry into the Indicators and Impact of Regional Inequality outlines a range of reforms – in particular, the need for quicker, easier project approvals and a modern workplace relations system – which should be implemented to benefit Australians living in regional communities.
The Productivity Commission found in December last year that Australians were better off because of the mining industry thanks to higher average incomes, larger profits and increased tax revenues.
Byers said the commission found that mining regions continued to have higher incomes and much greater employment than prior to the boom – and that the benefits created by mining will continue into the future.
“The MCA agrees with the commission that removing barriers to doing business is the best way to encourage regional development,” Byers said.
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