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Simon Crean Defends Original RSPT

Simon Crean the former trade minister and now minister for employment, workplace relations and education defended the controversial mining tax RSPT saying that in talks with overseas trade groups and financiers Mr. Crean never felt that Australia was seen as an unwise investment destination.

The watered down version of the mining tax which was proposed by the new Prime Minister Julia Gillard on Friday has been welcomed by mining industry majors.

Mr. Crean still feels that the there was nothing wrong in the concept of the original tax as proposed by Mr. Rudd. However as the miners felt that the tax was unsuitable and not helping their cause the government had decided to redesign it.

Despite the new MRRT being announced on Friday the impact on trading in stocks of BHP Billiton and Rio Tinto is yet to be seen.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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