In export value - but not in royalties paid directly to state governments!Quote:
Originally Posted by rick130
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In export value - but not in royalties paid directly to state governments!Quote:
Originally Posted by rick130
Then we need to take into account subsidies and tax breaks afforded various industries.Quote:
Originally Posted by JDNSW
It becomes really tricky then.
We also can add lithium , Diamonds & Peals , Did i mention Iron Ore . :wasntme: [bigrolf] .Quote:
Originally Posted by trout1105
Don’t we have coal coming out of CollieQuote:
Originally Posted by trout1105
Oh yeah the other major export out of WA ...... GST
GST redistribution delivers boosts to WA and Victoria, but NT and Queensland set to lose out - ABC News
I don't recall any whinging when there was more Commonwealth funds going into WA than coming out..
Quote:
Originally Posted by trout1105
Really, what coal mines have actually been closed down by "tree huggers"?
FYI, as part of my Masters I did some research into Abbott Point and the Adani mine at Carmichael - the reason the Adani mine hasn't got off the ground isn't because of Bob Brown, it's because it's what's bankers call "unbankable" - that is, it's numbers are so bad that no bank will lend money to it because there'd be little chance that they'd ever get repaid. To be clear - it's completely financially unviable.
On top of that, banks don't want to fund what are called "stranded assets" - and a coal mine is very much a stranded asset. As an example, a new coal mine built now might take 30 years to pay back its loans: the problem is that it's likely that in 30 years no-one will be buying or using coal. So, billions of dollars tied up in an asset that has no value at the time that the banks are supposed to be finally repaid.
Ditto for coal-fired power stations - had you noticed that no-one has taken up the Liberals in Canberra on their invitation to build coal-fired power stations? Would you like to guess why no-one has jumped in and started building them?
The other issue is that international banks, and Australian banks, have to abide by agreed sets of environmental rules - e.g., The Equator Principles. Coal is at best borderline and the problem is that Queensland and the Commonwealth have been so busy bending the environmental rules for mines like Adani that there's a serious risk that in the future international financiers will conclude that the clearances provided by State governments and the Commonwealth are worthless - and then the projects just won't get funded, or if they do, at a much higher premium.
In terms of revenue, you may have missed how much money the Tesla battery in SA has been making, and the new energy fields being developed in the Wimmera and Mallee - solar power plants and wind farms. Very much this country's future direction. And distributed generation too.
And there are probably going to be food shortages in the Northern Hemisphere this year, so there will probably be other buyers.Quote:
Originally Posted by trout1105
Quote:
Originally Posted by V8Ian
Or the fact that for most of the last 100 years it's been Victoria and NSW that have been subsidising the other States - the Commonwealth transfers by head have always favoured the smaller States. That means that, for example, people in Old get whiz-bang hospitals whereas people in Vic and NSW get underfunded ones.
none that I know of But that doesn't stop them from trying.Quote:
Really, what coal mines have actually been closed down by "tree huggers"?
The Tesla battery and the solar/wind generation is Not an Export commodity and it never will be considering the distance to our nearest overseas customers.
That's OK, for most of the last hundred years the other states have been subsidising protected manufacturing in NSW and Victoria.Quote:
Originally Posted by Arapiles
Worth remembering that explicitly subsidising WA, Qld and Tasmania was part of the price for federation. No subsidy, no federation, or at least it would definitely not have included WA, and probably not Qld, and without these, any federation almost certainly would not have happened. It would have been interesting today if the separate colonies had stayed separate and become separate countries, in the same way that NZ remained a separate colony and became a separate country.