Queensland 'hardest hit' by carbon tax

QUEENSLAND Treasurer Tim Nicholls has warned that the state faced the loss of up to 21,000 jobs under the impact from the impending carbon tax.

Mr Nicholls told parliament on Thursday that the state's major energy suppliers Ergon Energy and Energex would pass any costs directly onto Queensland families and businesses when the new tax arrived on July 1.

He said the Queensland, out of all the states, would be hardest hit as it relied on cheap energy for its manufacturing, construction, tourism and agricultural sectors.

He said Queensland government-owned corporations would be forced to pay $700 million to $750 million in carbon tax costs which would, in turn, hit councils, the resources sector and about 108 businesses.

Mr Nicholls said Stanwell Corporation would be the hardest hit, estimating a total carbon cost of $389 million, while CS Energy would be slugged about $225 million and OzGen Holdings about $230 million.

He said he expected residents in Gladstone and Maranoa council areas would be worst hit as the tax effects were passed on to ratepayers

Mr Nicholls said modelling from Queensland Treasury and Deloitte Access Economics, which used the Commonwealth Government's own assumptions, found up to 21,000 Queensland jobs could be lost, real wages could be reduced up to $2940 and Queensland's Gross State Product could take a $9.6 billion hit by 2020.

"This toxic carbon tax will harm Queensland's economic growth, reduce standards of living for everyday Queenslanders, increase electricity prices and significantly harm our state budget to the tune of up to $1.2 billion over the next four years," he said.

"Next year, our state government expenses will rise by $148 million as a result of Labor's carbon tax.

"We are taking the pain of the increased cost, the increased price and the increased expenses but not one cent of compensation is received by Queensland.

"It will not be just the big end of town that will cop it; everyday Queenslanders will find the cost of utilities like electricity going up or they will find their job in a trade exposed industry threatened."

The Federal Government's carbon tax has been described as a carbon emissions trading scheme with a fixed price.

Topics:  carbon tax, electricity, tim nicholls




Local Real Estate

finda logo
Featured Real Estate
Character and Charm of... $435,000 Neg
House 3 1 3
PERFECT FOR TRUCKIES ... $319,000
House 3 1 2
OFFERS OVER $300K TO BE... offers over $300K...
House 3 1 2

Featured Jobs

finda logo

Ipswich jobs listed daily


Featured Jobs
FULL TIME WEB... Fortitude Valley Full Time 75,000 - 90,000
GENERAL MANAGER ... Gladstone Full Time $120 - $150
SHORT ORDER COOK Walloon Casual
Team Leader Ipswich Full Time
TRAFFIC CONTROL & ... Seventeen Mile Rocks


Local Partners

LATEST DEALS AND OFFERS

Free Seed Packets

with token from today's paper
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Post an ad from $30
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

View today's ePaper!

Read the digital edition
Learn More

Horoscopes

Virgo

Move beyond your typical tastes and explore what's possible in cuisine. Cooking will be high on your agenda right now. Someone may make an...

read more

Marketplace

Special Offers & Promotions

Compare & Save