The Australian resources sector has welcomed the Productivity Commission’s Trade and Assistance Review for 2017/18, saying it exploded the myth that the resources industry was subsidised.
The Productivity Commission estimates that the effective rate of combined assistance to mining in 2017/18 was just 0.2%, which has been consistent over the past five years, with the commission saying that the “estimated effective rate of assistance from tariff and budgetary assistance for mining is negligible”.