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Australia's Victoria State allows mining companies to postpone taxes & fees

27 May 2020 15:14 reported by Jamie Yen

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According to reports, Victoria, one of the states in Australia, announced that the annual fee for investigation, exploration and renewal permits of mining industries would be postponed until 2021.

The Victorian government had consulted with the industry experts and made this decision in order to support the mining enterprises to overcome the difficulties during the period of COVID-19.

Apart from deferred payments, the Victorian government also required the related department to consider the impacts of the current global situation brought to the industries when they were issuing permits.

The Minerals Council of Australia (MCA) appreciated the decision of the Victorian government. MCA had stated that such measures could assist the enterprises to pass the darkness during the outbreak of COVID-19.

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