The government will not allow high gas prices to hollow out the manufacturing sector but finding a solution is complicated, Treasurer Jim Chalmers says.
“The ‘why’ is simple – we don’t want to see our industries hollowed out,” he said of the conundrum posed by surging gas and energy prices.“The ‘how’ is ideally a regulatory change rather than a tax change. And ideally, something which focuses on the domestic market without causing problems for our international obligations.”
“It would be fair to say that none of us are enthusiastic intervenors in markets like this one – you know, in normal times, we don’t sit around contemplating some of the interventions that we are currently contemplating,” he said.“But we think these are extraordinary times, and they require some different thinking about the best kind of intervention that we might be able to make.
“The price of gas, which we talked about in Germany, rose to being many times what the price is in Australia, over $US200 [per gigajoule],” he said.
the gas miners are raping our gas n ripping us off They do not even pay tax and they r decimating our manuf like bricks n plastics Time to control the cowboys
Too late