More than a million Australians are working in the mining industry, but less than a third of those are paying the full cost of their employment.
The mining tax, introduced in September 2018, will raise the cost of mining jobs from $9,000 a year to $20,000.
The cost will also increase for those in the service sector, which includes people like mining engineers and architects.
In a recent speech to the Sydney Mining Club, Labor’s former leader Bob Hawke said that the mining tax would have a “chilling effect” on the growth of the mining sector.
He said it would be “difficult for people to come forward and get paid, even if they’re good, if you’ve got to be able to prove that you’ve been in the industry for more than six months.”
The cost of employment in mining was $1,000,000 per year in 2015, according to the Department of Prime Minister and Cabinet.
That’s $2.8 billion over four years, but Labor has been unable to find the numbers to back up its claim.
The federal government’s own modelling has shown that the tax will cost the mining economy $7 billion in 2019-20.