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    Media Statements

    Coat of ArmsMedia Release
    Treasurer and Minister for Trade
    The Honourable Tim Nicholls

    Labor delays risk Queensland investment and jobs

    Treasurer and Minister for Trade
    The Honourable Tim Nicholls

    Friday, April 20, 2012

    Labor delays risk Queensland investment and jobs

    Joint Media Release

    Hon Jeff Seeney MP
    Deputy Premier and Minister for
    State Development, Infrastructure and Planning

    Hon Tim Nicholls MP
    Treasurer and Minister for Trade


    The LNP Government said today that Rio Tinto’s decision to withdraw from the Abbot Point additional port capacity process is further proof the Federal Government’s regulatory approval ‘game playing’ could undermine Queensland’s economic growth and result in massive job losses.

    Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney said the LNP Government has considerable concerns about the long timeframes for regulatory approvals and the impact that can have on future investment decisions.

    “There are 135 projects in Queensland currently awaiting some form of consideration or approval by the Federal Labor Government.

    “I am seeking a meeting with Federal Environment Minister Tony Burke to discuss this bottleneck. It is very concerning that companies such as Rio Tinto are withdrawing from potential developments in part because of the time they wait for regulatory approval,” Mr Seeney said.

    Treasurer and Minister for Trade, Tim Nicholls said Rio Tinto’s decision was a salutary warning to the Federal Government that its behaviour risks billions of dollars of investment and hundreds if not thousands of jobs.

    “The Federal Government, through its deliberately obstructionist approach to the regulatory approvals process was clearly frustrating many businesses and creating huge uncertainty over their investment decisions.

    “This uncertainty caused by an approvals process which clearly does more to tie up approvals than process them, combined with uncertainty in global economic markets could see more businesses pull out of infrastructure projects around Queensland.

    “Queensland investment and job growth cannot continue to be put at risk by a Federal Labor Government which refuses to make decisions affecting Queensland’s future,” Mr Nicholls said.

    ENDS

    Contact:

    John Wiseman (Deputy Premier's office) 0409 791 281
    Rachael Power (Treasurer's office) 0409 947 957