Carbon Tax repeal will benefit Tasmanian industry

July 17, 2014

Today's vote by the Senate to repeal the Carbon Tax will benefit Tasmanian industry and producers, Senator Richard Colbeck, Parliamentary Secretary to the Minister for Agriculture said.

Senator Colbeck said Tasmanian vegetable producer Simplot will save about $4 million per year as a result of the carbon tax repeal.

"Last year I said scrapping the carbon tax would save money for local industry and producers and today I'm happy to say we've delivered on our promise," Senator Colbeck said.

"The Carbon Tax had devastating impacts on industry, such as vegetable processer Simplot which was hit hard by millions of dollars added to the cost of doing business."

"Before last year's federal election Labor attempted to wave a cheque book at Simplot but ignored the crucial underlining issues - the Carbon Tax and burden of unnecessarily red tape."

"The Coalition has scrapped the Carbon Tax and we're removing red tape to help businesses like Simplot secure a sustainable long-term future."

Senator Colbeck said the repeal is good news for the North-West Coast and will help create an environment where industry and investment is supported by reducing the cost of doing business.

"Dairy farmers were hit hard by the Carbon Tax due to the increased price of power and other associated costs. Today's repeal provides relief from those unnecessary costs, estimated for a dairy farmer at $10,000 to $15,000 each year," he said.

"Supermarkets refused to pass on the Carbon Tax to consumers which meant costs were passed back down the supply chain to farmers. The repeal means farmers can now get on with the job without being constrained by these extra costs."

"Irrigators also face a significant reduction in electricity costs due to the scrapping of the Carbon Tax."

Senator Colbeck said the Carbon Tax was a $9 billion a year hit on the economy that hurt businesses and cost local jobs.

Scrapping the Carbon Tax will save the average household around $550 a year, this will reduce cost of living pressures for all Australians.

170714 Carbon tax repeal will benefit Tasmanian industry
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