Western Australia’s resources sector comprises a diverse range of mineral and petroleum projects with an equally diverse range of investor and ownership groups. The very nature of the industry means its development and operation continually evolves in a highly-competitive environment with strongly fluctuating commodity prices.
The resources sector, just like any other, is supported through a wide range of government programs, regulatory instruments and policies at both the State and Commonwealth level. This support is targeted at reducing the costs of doing business with government, and is largely based on various regulatory and environmental approvals and tariffs.
Beyond this, successive State Governments have fostered the development of the resources sector through the approvals processes, by working closely with proponents and other tiers of government. This ensures viable and responsible projects, and their associated supporting infrastructure, are not delayed or frustrated through ineffective coordination.
The State Government’s encouragement of resource development is underpinned by a strong a royalty system that provides industry with a simple, transparent, stable and predictable cost structure. The State Government is committed to protecting the low sovereign risk status of this system and ensuring resource extraction achieves a fair return to all Western Australians. This approach continually sees Western Australia placed as a leading global resources producer.
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