The Advertiser

Mining taxes to get royal treatment


TREASURER Tom Koutsanton­is has hinted mining royalties may be the next taxes to get a cut following a State Budget that axed charges on business stamp duty.

Mr Koutsanton­is yesterday fronted a Press Club lunch, following his second Budget, which revealed a plan to end stamp duty on all business transactio­ns in three years.

It followed a Budget and Finance Committee meeting earlier yesterday, in which Under Treasurer Brett Rowse refused to say if the Government was considerin­g a bid to sell SA Water assets.

Mr Koutsanton­is said SA Water was an essential asset, and would not be privatised.

Although, Mr Koutsanton­is said the Government was open to unsolicite­d bids. “When people make (unsolicite­d) bids, it’s their idea, not ours,” he said. “We’re not selling SA Water, we don’t plan to sell SA Water. We rule it out.”

Mr Koutsanton­is said major bids made to the Co-ordinatorG­eneral would be assessed by Cabinet.

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