Billionaire mine developer Clive Palmer.
Billionaire mine developer Clive Palmer. john mccutcheon

Carbon tax is costing Australia investment and jobs: Palmer

BILLIONAIRE mine developer Clive Palmer has weighed in against the Federal Government, saying its carbon tax as handicapping Australian business.

Domestic companies will pay $23 per tonne for the next two years, before the price changes to market value in line with the European equivalent.

This week, that European price fell to $3.20 per tonne, almost $20 cheaper per tonne than Australia.

Mr Palmer said the difference meant countries competing for investment were now ahead of Australia.

"This is costing investment, this is costing jobs and this country is going to become redundant if we have this kind of impediment placed upon us," Mr Palmer said in a statement.

Treasurer Wayne Swan said the implications of the price crash would be considered in the lead-up to the Federal Budget.



School responds to bullying complaints: 'safety is crucial'

School responds to bullying complaints: 'safety is crucial'

Program promoting good behaviour was reviewed earlier this year.

BEST DRESSED: Cute pictures of our pets looking their best

BEST DRESSED: Cute pictures of our pets looking their best

Check out 24 of Warwick's most fashionable pets

Convicted Warwick trafficker faces more criminal charges

premium_icon Convicted Warwick trafficker faces more criminal charges

A young dad has spent three months in jail

Local Partners