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.



Toddler and family dog found safe after police search

Toddler and family dog found safe after police search

Toddler, family dog found safe after being reported missing

GALLERY: Junior soccer gets luxurious twist in 2018

GALLERY: Junior soccer gets luxurious twist in 2018

A special treat awaits Warwick soccer stars after final whistle.

Race-fixing cases thrown out of court

Race-fixing cases thrown out of court

Officials red-faced after race-fixing cases dismissed by court

Local Partners