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.



BREAKING: People evacuated from Lismore Base Hospital

BREAKING: People evacuated from Lismore Base Hospital

A number of people have been evacuated this afternoon

Investigation continues after girl's tragic death

Investigation continues after girl's tragic death

Car is being mechanically examined as police wait on test results

Hopes new development won't stifle music scene

premium_icon Hopes new development won't stifle music scene

Venue hopes proposed development won't lead to noise complaints

Local Partners