Original article by Geoff Chambers
The Australian – Page: 1 & 5 : 14-Jun-23

Modelling undertaken by the Centre for International Economics highlights the potential impact of the federal government’s second tranche of industrial relations reforms on productivity in the mining sector. The modelling, which was commissioned by the Minerals Council of Australia, is based on a one per cent fall in productivity; it concludes that the restrictions on the mining sector and supply chains resulting from the reforms could potentially reduce economic activity by $13bn a year and reduce consumption in the mining sector by $6bn. MCA CEO Tania Constable says a one per cent hit to productivity is a "conservative estimate". The CIE also modelled several other scenarios.

CORPORATES
CENTRE FOR INTERNATIONAL ECONOMICS, MINERALS COUNCIL OF AUSTRALIA