In the lead up to the 2013 Federal Election, over 300 guests attended the SACOME Lunch on 26 July to hear the Shadow Minister for Energy and Resources spell out the Coalition’s plans for the sector if successful at the polls.
The Hon Ian Macfarlane MP spoke candidly about the alleged mistreatment of the industry under the Labor Government, and pledged to abolish the Minerals Resource Rent Tax and carbon tax under a Coalition Government.
On SACOME’s 10 Federal Election Policy Priorities, Mr Macfarlane was bound by not announcing policy before the election is officially called, but did say the Coalition would look at an exploration tax credit in the form of a flow-through shares scheme. He also promised to examine the existing Petroleum Resource Rent Tax and work with industry to address any concerns.
Mr Macfarlane spoke about streamlining the environmental approvals process under the EPBC Act, delegating the approvals to existing regulator NOPSEMA and giving more powers to the State.
He discussed the issue of coal-seam gas in his electorate in Queensland, and how changing attitudes amongst farmers is helping dispel negativity and misinformation surrounding the sector.
Questions from the floor – taken in the form of Tweets or text messaging for the first time – focused on the need for Federal assistance with vital infrastructure; the possibility of nuclear power in Australia; and maintaining the much-needed diesel fuel credit.
Andrew Stocks from Iron Road conducted the vote of thanks on behalf of SACOME.
Another highlight of the event included an exclusive raffle for guests to win two return tickets to Europe, courtesy of Emirates, with all proceeds going to the Royal Flying Doctor Service. Dr Pamela Schulz, Chair of Defence Reserves Support Council – SA, won the fantastic prize, which raised $3470 for the RFDS.
SACOME thanks event sponsor, Wattyl Industrial Coatings, and our annual sponsors for their support of SACOME’s events.