The Cook Labor Government has again proven powerless to influence its federal colleagues, as two major Canberra reforms threaten investment in Western Australia’s resources sector.
Shadow Minister for Mines, Petroleum and Exploration Lachlan Hunter MP said WA Labor has talked tough about protecting Western Australia from Canberra’s proposed national gas reservation scheme and changes to capital gains tax, but had failed to secure the protections WA needs.
Mr Hunter said that despite Premier Roger Cook calling for Western Australia to be carved out of the Commonwealth’s national gas reservation scheme, the Federal Government’s latest proposal did not provide WA with a guaranteed, legislated exemption.
“Western Australia asked for certainty. Instead, Canberra has left the door open to interference in a gas market WA has spent decades building,” Mr Hunter said.
“The Premier can issue all the press releases he likes, but they mean nothing if his Labor colleagues in Canberra simply ignore him.
“WA should have a clear, legislated carve-out, not an exemption that may ultimately depend on the discretion of a Federal Minister.
“Roger Cook wants Western Australians to believe he is standing up to Canberra, but all he has demonstrated is how little influence WA Labor carries within its own party.”
Mr Hunter said the same humiliating pattern was now emerging over Federal Labor’s controversial capital gains tax changes.
The Albanese Government has moved to provide concessions for eligible innovative businesses and start-ups, while junior mineral explorers have not been given a specific equivalent pathway.
The Minerals Council of Australia has warned the changes could reduce investor returns from successful junior exploration investments by at least 19 per cent and make it harder for explorers to attract capital.
“Even WA’s new Mines Minister, Daniel Pastorelli, has now publicly called on his federal Labor colleagues to rethink these changes,” Mr Hunter said.
“But once again, WA Labor appears to hold absolutely no sway with its federal counterparts.
“The pattern is becoming embarrassingly familiar: WA Labor tells Western Australians it disagrees with Canberra, Canberra ignores it and pushes ahead, and Western Australia is left to carry the consequences.
“If Roger Cook and Daniel Pastorelli cannot secure a fair hearing from members of their own party, what hope do they have of securing the outcomes our State deserves?
“Junior explorers are the lifeblood of our mining industry. Today’s exploration creates tomorrow’s mines, jobs, exports and royalties. At a time when we should be fighting for every dollar of exploration investment, Canberra is changing the tax settings while handing concessions to other sectors.
“Western Australia drives the national economy through its resources sector. We should not have to continually beg Canberra not to damage the industries that generate the jobs, investment and royalties our State relies on.
“Roger Cook and Daniel Pastorelli need to stop merely telling Western Australians they disagree with Canberra and start delivering actual outcomes.
“Tough words in Perth are worthless when WA Labor’s federal colleagues treat them as background noise. Western Australia needs a government prepared to put our State ahead of Labor Party ideology, and with enough influence to make Canberra listen.”