Mike Nahan says the opposition will not support the gold royalty increase. Photo: Attila Csaszar

Liberal opposition kills gold royalty hike

Treasurer Ben Wyatt has lashed the opposition for not backing the proposed gold royalty hike, which is now set to fail in parliament, claiming the Liberal Party has opposed more than $1 billion in budget repair measures.


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In 2014-15, (then) opposition leader Mark McGowan said: "Gold, by its nature, can often be very marginal. A lot of work, a lot of processing, a lot of employment — but at the end of the day, costs are high and if this royalty comes in, mines will close and jobs will be lost." Now in government, Premier McGowan and Treasurer Ben Wyatt say no jobs will be lost and there will be no effect on the gold industry. Sorry, that does not pass the pub test. Western Power should be sold off for $7 billion or $8 billion to reduce debt and use some to fund capital works.

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