The tax policy released this week by city-based Greens politicians is an attack on local jobs and communities which
will damage regional businesses reliant on diesel fuel to generate electricity and run vital equipment.
The Greens continue to misrepresent fuel tax credits (FTCs) as a subsidy – a bogus claim rejected by The Treasury
and the Productivity Commission.
The FTC Alliance, including regional industries including agriculture, fishing, forestry, tourism, infrastructure and
resources, condemn this misrepresentation and the anti-jobs policy on which it is based.
Hundreds of thousands of regional businesses rely on diesel to keep producing and providing jobs outside
The policy case for FTCs for all business is clear. Fuel excise was introduced to contribute to the cost of building
public roads. It should not apply to diesel used off-road or to generate electricity in remote areas off the
The FTC scheme also reflects a core principle of tax policy – that business inputs should not be taxed. Like the
GST system, fuel tax credits remove tax already paid on business inputs.
While the Greens are targeting mining, their misguided proposal is an attack on all regional businesses reliant on
diesel fuel for electricity generation and to power vital equipment.
Hacking into fuel tax credits for any industry based on the falsehood that they are a ‘subsidy’ undermines the
FTC scheme for all businesses.
The Greens proposal would undermine Australia’s export competitiveness at a time when we need to expand
the economy and support jobs, especially in regional Australia.
The stories of regional Australians who rely on the fuel tax credits scheme can be found here.
For comment from Seafood Industry Australia contact Jessica McInerney, Media and Communications Manager, Seafood Industry Australia
M: 0420 695 431
For further information on Fuel Tax Credits contact Simon Troeth, Director – Media, Minerals Council of Australia
P: 02 6233 0633
M: 0439 300 335