Rudd’s super tax a risk to Aboriginal communities

With around 60 per cent of the state’s mining operations occurring on indigenous land, remote Aboriginal communities are set to suffer following the Rudd Government’s announcement of a 40 per cent tax on mining profits. After declaring in 2008 that more had to be done for Aboriginal communities to benefit from the state’s mining industry, Mike Rann must now tell Aboriginal communities how he will ... ...Read more

Superannuation increase to hurt small business

  The increase in the superannuation guarantee levy from 9 per cent to 12 per cent will hurt South Australia’s small businesses according to Iain Evans, Shadow Treasurer.   The Rudd Government claims increasing superannuation contributions- from 9 to 12 per cent- will be in part, offset by a reduction in the corporate tax rate from 30 per cent to 28 per cent.   However, two thi... ...Read more

Rudd/Rann threaten Olympic Dam

The future expansion of BHP’s Olympic Dam mine is now under threat after the Premier agreed to Kevin Rudd’s new 40% mining resources tax. BHP have already said the new tax will “have the effect of making investment in Australia much less attractive and would undermine economic growth.”   Today Kevin Foley said that he had been in talks with BHP last week and that they were aware this new tax ... ...Read more