The Chamber of Minerals and Energy of Western Australia (CME) has expressed dismay over the Australian Government’s decision to proceed with its Fair Work Legislation Amendment (Closing Loopholes) Bill 2023 despite industry calls for consultation on its implications.
CME Chief Executive Rebecca Tomkinson stated that CME has consistently advocated for a level-headed approach to the controversial Bill.
Tomkinson explained that CME’s position remains that the Bill should be withdrawn and substantially modified after genuine consultation.
“The Federal Government says it’s keen for Australia to seize the opportunity to provide the minerals and energy our country and the world need to decarbonise, and yet this Bill, once passed into legislation, is completely at odds with that objective,” she stated.
She noted that this is especially important in some of WA’s regional districts, where the resource industry provides 20 to 40% of total direct and indirect employment.
“The current pace and quantity of federal reforms across areas including climate, environment, tax and industrial relations is substantial, and without genuine consultation and careful implementation, these legislative changes risk investment and jobs in Australia,” she continued.
According to Tomkinson, regulatory uncertainty and inefficiency in Australia have created investment risk, hindering the country’s ability to capitalise on significant opportunities for a green transition.
“Western Australia and our nation more broadly are poised to play a key role in the transition, with significant opportunities across the critical mineral value chain. A stable regulatory environment is critical to making sure we don’t miss out on the next wave of investment,” she added.