What the budget means for Queensland mining
While overall spending on mining, manufacturing and construction is forecast to decrease $3.139 billion last year, to $2.74 billion in the next financial year, Mining Australia suggests the news is primarily positive. The decline in spending has principally been attributed to the government’s decision to reduce the research and development tax incentive and refundable tax offset by 1.5 per cent to 43.5 per cent on July 1 this year.
19 May 2014
