Western Australia: Economy

Chaney urged the House to pass the Future Made in Australia (Production Tax Credits and Other Measures) Bill 2024 to secure investment in new energy industries. Chaney argued that production tax credits provide certainty for investors and are only payable when projects deliver results, thereby derisking investment for taxpayers. Chaney highlighted Western Australia's role in global lithium and critical mineral production, warning that complacency could leave the state behind in the global green energy transition.

Lawrence seconded the motion, noting Western Australia's low unemployment rate and significant contribution to national exports. Lawrence criticised the Liberal opposition for voting against the production tax credit bill, arguing they were ignoring the needs of the state and industry bodies like the Chamber of Minerals and Energy. Lawrence emphasised that the tax credits would help level the playing field in a competitive global market and support the transition to renewable energy technologies.

Roberts celebrated the creation of over one million jobs, including more than 652,000 full-time positions, as evidence of effective governance. Roberts argued that production tax credits for critical minerals would stimulate innovation and create high-skilled jobs in Western Australia. Roberts urged the opposition to support these initiatives to ensure economic stability and secure employment opportunities for families relying on the resources sector.

Lim highlighted cost-of-living relief measures, including tax cuts and energy bill assistance, benefiting Western Australian households. Lim argued that the Future Made in Australia policy would help the country capitalise on the global shift to net zero by refining critical minerals like lithium. Lim stated that the production tax incentives would provide clarity for investors and ensure local communities benefit from the transition to a cleaner economy.