Re­port backs roy­al­ties pol­icy

Augusta Margaret River Times - - News -

The Na­tion­als WA have wel­comed the re­lease of the Keep It In The Re­gions re­port, with many of the key rec­om­men­da­tions form­ing part of the party’s ex­ist­ing pol­icy plat­form.

Leader Mia Davies said the re­port, compiled by the House of Rep­re­sen­ta­tives Stand­ing Com­mit­tee on In­dus­try, In­no­va­tion, Science and Re­sources, praised the Na­tion­als WA’s flag­ship Roy­al­ties for Re­gions pro­gram, even go­ing as far as rec­om­mend­ing other min­ing States in­tro­duce their own ver­sion of the scheme.

“The re­port recog­nises RfR as the most sig­nif­i­cant pro­gram in Aus­tralia aimed at rein­vest­ing min­ing roy­al­ties into re­gional ar­eas,” Ms Davies said.

“It’s pleas­ing to know that a pol­icy de­vised, cre­ated and de­liv­ered by a small, re­gion­ally fo­cused party such as the Na­tion­als WA can leave such a last­ing im­pres­sion and gain na­tional recog­ni­tion.”

The re­port ad­dressed terms of pay­ment of­fered by min­ing com­pa­nies to their sup­pli­ers and con­trac­tors in re­gional ar­eas.

“The length of pay­ment terms is some­thing the Na­tion­als WA have his­tor­i­cally gone into bat for re­gional busi­nesses over,” Ms Davies said.

“In 2016 we led a cam­paign to make Rio Tinto ac­count­able for in­creas­ing pay­ment dead­lines from 45 to 90 days.”

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