Mining employers have welcomed the repeal of the carbon tax, saying it's the first of several measures needed to restore Australia's international competitiveness.
Any program to reduce carbon emissions must be closely calibrated with international efforts to avoid damaging Australia’s globally-exposed industries and living standards, the Australian Mines and Metals Association (AMMA) says.
“Repealing the carbon tax removes one of two ideologically-driven, flawed taxes imposed by the former government that have added unnecessary costs and risk to investing and doing business in Australia,” AMMA, a resource industry employer group, said in a statement on Thursday.
“The next step in restoring Australia’s global competitiveness should be repealing the minerals resources rent tax (MRRT).”
AMMA said the nation needed to remove impediments that stand in the way of further development of the nation’s resources sector.
The Senate on Thursday voted 39 to 32 to repeal the carbon tax which came into effect two years ago, giving Prime Minister Tony Abbott a crucial victory and allowing him to make good on his election promise to abolish the scheme.