In Question Time today, Treasurer Tim Pallas refused to back down on his Gold Tax that will put at risk hundreds of jobs in Stawell, Ballarat and Fosterville. The gold industry is vital to the local economies in these regions and Labor’s latest big new tax is going to make life even tougher for regional Victoria.
The Managing Director of Gekko, Elizabeth Lewis-Gray, has labelled the Andrews Government’s new gold tax an “attack from the city on the regions,” and warned that “high-paying regional jobs, you can’t recreate them in a hurry.”
Stephen Jeffers of Ballarat Gold said "I don't know how we're going to survive," and Arete’s CEO Campbell Olsen said “this forces our investors to review everything.”
Kirkland Lake Gold CEO Tony Makuch said that the government’s new Gold Tax was “disappointing” and a potential deterrence to the continued development of the Fosterville resource.
But despite this “attack from the city on the regions”, the Andrews Labor Government still refuses to reconsider this new tax.
That’s because when Labor runs out of money, they always come after yours. After all, this is the same Andrews Labor Government Treasurer who when asked last week at the Melbourne Press Club why he suddenly imposed a new gold tax, he said “because I could.”
Louise Staley MP