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Turnbull Introduces an $80 Million Tax Plan to Boost Mining

  • Government unveils junior mineral exploration tax credits
  • Tax plan in Western Australia will run over four years

Australian Prime Minister Malcolm Turnbull has unveiled a A$100 million ($80 million) tax incentive to encourage investment in junior mining exploration companies across Western Australia, a state that bore the brunt of the nation’s resources slowdown.

The Australian government is enacting a “junior mineral exploration tax credit scheme” to boost productivity in the state’s mining sector, Turnbull said at a Liberal Party state conference in Perth on Saturday.