Report backs royalties policy
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.”