Mining

Australia produces 19 useful minerals in significant amounts, from over 350 operating mines. From these minerals, useful materials such as metals can be extracted. Australia is one of the world's leading producers of bauxite (aluminums ore), iron ore, lithium, gold, lead, diamond, rare earth elements, uranium, and zinc. Australia also has large mineral sand deposits of ilmenite, zircon and rutile. In addition, Australia produces large quantities of black coal, manganese, antimony, nickel, silver, cobalt, copper and tin.

Mining occurs in all states of Australia, the Northern Territory and Christmas Island. There is no mining in the Australian Capital Territory apart from quarries used for construction materials. Australia's Identified Mineral Resources, has up-to-date information on mineral resources in Australia including resource estimates, production and export figures.

Australian mining will continue to contribute significantly to Australia's jobs, exports, government revenue and lower emissions with the right policy settings to support it.

The Coalition's promise today to provide stable tax settings (no new taxes), supporting exploration activities (particularly for critical minerals), addressing skills shortages, attracting investment, streamlining environmental planning assessment and approvals processes and reducing regulatory barriers is a strong commitment to help mining continue to deliver for the nation.

Improving enterprise bargaining - including by allowing Greenfields agreements of up to six years for projects larger than $500 million - is a sensible reform that will stimulate new investment and jobs across Australia.

The Resources Technology for Critical Minerals Trailblazer is a game changer for innovation led safety, productivity and sustainability. This new approach to government-industry-university collaborative research is world-class and will make Australia's resources sector stronger and more competitive.

The Trailblazer involving Curtin University, James Cook University, University of Queensland and 33 industry partners will supercharge innovation by aligning technology research with industry problems and opportunities while keeping intellectual property and knowledge skills in Australia.

The mining industry is the backbone of the Australian economy.

Mining navigated through the pandemic to keep its workforce safe and operations running contributing to the world's demand for minerals, the Australian economy - regionally and nationally - and to government revenues to help fund services for the community, including mental health, aged care and women's programs, schools, hospitals and other infrastructure.

The industry continues to pay the highest on average wages, the most company tax, delivers the most export revenue and was critical to supporting regions and communities, including providing 1.1 million jobs in the mining, mining equipment, technology and services sector.

APTE currently working closely with mining engineering support services

Our experienced team offers a range of services including:

• Tax advise on international transactions including royalty, interest, technical charges
• International tax advise on thin capitalization and transfer pricing requirements
• Advise on Tax treaties with various countries
• Specialised tax advise on individual tax matters on foreign rotators working in Australia,
• Fringebenefit tax advise
• Income tax matters
• Payroll tax advise for all states
• Tax advise on Mergers and takeovers
• Financial accounting and reporting