Australian state premier warns of new tax threat to LNG industry

17:04, May 10, 2010      

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Queensland Premier Anna Bligh on Monday warned Australian Prime Minister Kevin Rudd's resources profits tax may force her to renege on her promise to create 100, 000 new jobs.

Bligh expressed her fears that the proposed 40 percent tax would deter growth in a phone call to Australian Federal Treasurer Wayne Swan during her recent overseas trade mission.

The state's LNG export industry was at a "very delicately balanced, critical point" and it needed certainty about the tax landscape it would face.

"This is an embryonic industry and I believe they need different arrangements than those companies that might have been well established for 30, 40 or 50 years," Bligh told the Australian Broadcasting Corporation.

"I'll certainly be taking the concerns of the mining sector directly to the federal treasurer and the prime minister. I'm going to take every opportunity during this time, before they lock into a final decision, to make sure they get it right."

Bligh had promised to deliver 100,000 new jobs in her first term and said the pledge was dependent, in part, on the LNG sector.



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