Explorers to benefit from govt rebate

It's not all bad news for the resources sector with the federal government proposing to implement a resource exploration rebate that will take the place of the promised flow through share scheme for explorers.


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I hardly think that the explorer end of the market is the one that needs help... especially with relatively easy access to the equity markets. The longer term problem created for smaller/mid tier producers will be the appetite of larger acquirers to consider M&A activity in the medium term. Thus, stunting the overall attractiveness of the Australian resources industry. I also don't get why you would tax a sector that is generating so much. This is classic Labor not able to restrain itself from knocking success.

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