By Andrew Mackinnon
Last updated: 8th June, 2026
The resources in the ground in Australia are owned by the Australian federal government on behalf of Australian citizens, not the privately owned mining businesses and extraction businesses operating in Australia that mine and extract them.
The resources in the ground in Australia include
thermal coal (for coal-powered electricity generation),
natural gas,
oil (for refining of diesel, petrol (i.e. gasoline), jet fuel and other products of oil),
metallurgical coal (for steel production),
iron ore (for steel production),
manganese (for steel production),
nickel (for stainless steel production),
bauxite (for aluminium production),
copper sulphide (for copper production),
gold,
silver,
lithium,
rare earth elements and
mineral sands.
The ownership of the resources in the ground in Australia by the Australian federal government on behalf of Australian citizens is a separate concept from the costs of mining and extracting these resources, which cannot be avoided if these resources are going to be utilised.
The resources in the ground in Australia are currently mined and extracted by privately owned mining businesses and extraction businesses operating in Australia, which incur the costs of mining and extracting these resources before selling them to buyers in Australia or other countries around the world as exports (subject to export control by the Australian federal government).
However, the Australian federal government should publicly own, control and operate all mining and extraction in Australia on behalf of Australian citizens, since the Australian federal government owns all of the resources in the ground in Australia on behalf of Australian citizens.
Privately owned mining businesses and extraction businesses in Australia are subject to export control by the Australian federal government, in relation to the resources in the ground in Australia they mine and extract, as well as sell to buyers in other countries around the world as exports, which amounts to regulation by the Australian federal government, so that it makes sense for the Australian federal government to publicly own, control and operate all mining and extraction in Australia on behalf of Australian citizens.
Privately owned mining businesses and extraction businesses in Australia make substantial profits on the resources in the ground in Australia they mine and extract, as well as sell to buyers in Australia and other countries around the world as exports (subject to export control by the Australian federal government), which are owned by the Australian federal government on behalf of Australian citizens, so that it makes sense for the Australian federal government to publicly own, control and operate all mining and extraction in Australia on behalf of Australian citizens, in order to make substantial profits on behalf of Australian citizens,
by exporting no types of the raw resources in Australia
(with the exception of food (e.g. wheat), subject to availability),
as well as
exporting limited types of the processed resources in Australia, subject to availability, including
processed thermal coal (for coal-powered electricity generation),
processed natural gas,
(not processed metallurgical coal (for steel production),)
steel,
aluminium,
copper,
et cetera,
to non-hostile, non-white countries around the world, on a for-profit basis,
including Japan, the Republic of Korea, Taiwan, the Philippines, India, Sri Lanka, Nepal, Bangladesh, Bhutan, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Timor-Leste, Papua New Guinea and other Pacific Island countries,
not to hostile, non-white countries around the world,
including China (which is a communist country), North Korea (which is a communist country), Vietnam (which is a communist country), Laos (which is a communist country) and Myanmar (which is an oppressive, military dictatorship),
while
exporting all types of the raw resources in Australia, subject to availability, including
food (e.g. wheat),
thermal coal (for coal-powered electricity generation),
natural gas,
oil (for refining diesel, petrol, jet fuel and other products of oil),
metallurgical coal (for steel production),
iron ore (for steel production),
bauxite (for aluminium production),
copper sulphide (for copper production),
et cetera,
as well as
exporting all types of the processed resources in Australia, subject to availability, including
processed thermal coal (for coal-powered electricity generation),
processed natural gas,
diesel, petrol, jet fuel and other products of oil,
processed metallurgical coal (for steel production),
steel,
aluminium,
copper,
et cetera,
to other white countries around the world, on a not-for-profit basis (with the exception of food (e.g. wheat), since the production of food is privately owned, controlled and operated),
including Ireland, Britain, Germany, Sweden, Canada and New Zealand,
for the purpose of restoring and strengthening the alliances between Australia and other white countries around the world,
as well as supporting the industries and industrial development of other white countries around the world for the benefit of white citizens of other white countries around the world,
in order to provide stability throughout the world, under the constructive influence of white citizens of white countries around the world,
as opposed to chaos throughout the world, under the destructive influence of Jewish (i.e. Edomitish) adherents of the synagogue of Satan (i.e. Satanists) around the world.
The Australian federal government should establish a publicly owned, controlled and operated Australian federal government entity named “Australian Mining and Extraction” to publicly own, control and operate all mining and extraction in Australia on behalf of Australian citizens, comprising the Australian federal government child-entities of
“Australian Coal Mining”,
“Australian Natural Gas Extraction”,
“Australian Oil Extraction”,
“Australian Iron Ore Mining”,
“Australian Bauxite Mining”,
“Australian Copper Mining” and
other publicly owned, controlled and operated Australian federal government child-entities matching the remaining resources mined or extracted in Australia.
Australian Mining and Extraction should be financed by borrowing from a publicly owned Australian federal government entity named “Australian Bank” that lends for all purposes to Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities, including the Australian federal government entity of Australian Mining and Extraction, without charging interest.
This borrowing can be repaid via transfer pricing between Australian Mining and Extraction and another publicly owned, controlled and operated Australian federal government entity named “Australian Resources”, comprising the Australian federal government child-entities of
“Australian Coal”,
“Australian Natural Gas”,
“Australian Oil”,
“Australian Steel”,
“Australian Aluminium”,
“Australian Copper” and
other publicly owned Australian federal government child-entities matching the remaining resources processed, refined or produced in Australia,
upon transfer of ownership by Australian Mining and Extraction of the resources in the ground in Australia it mines or extracts to Australian Resources, comprising
thermal coal,
natural gas,
oil,
metallurgical coal,
iron ore,
bauxite,
copper sulphide and
the remaining resources processed, refined or produced in Australia.
Australian Mining and Extraction should transfer the ownership of the thermal coal and metallurgical coal it extracts in Australia at prices which cover the costs of extraction of these resources on a not-for-profit basis to a publicly owned Australian federal government entity named “Australian Coal”, which is responsible for processing, distributing and selling thermal coal (for coal-powered electricity generation) and metallurgical coal (for steel production) across the entirety of Australia, charging Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities for the thermal coal and metallurgical coal that it distributes and sells on a not-for-profit basis (such as a publicly owned Australian federal government entity named “Australian Electricity”, which is responsible for generating, distributing and selling electricity across the entirety of Australia, charging Australian citizens, Australian businesses and Australian not-for-profit entities for the electricity that it generates, distributes and sells on a not-for-profit basis),
as well as distributing and selling both thermal coal and metallurgical coal as exports on a not-for-profit basis to other white countries around the world,
including Ireland, Britain, Germany, Sweden, Canada and New Zealand,
for the benefit of their white citizens, in order to promote solidarity among white citizens of white countries around the world in their hundreds of millions,
as well as distributing and selling thermal coal, not metallurgical coal, subject to availability, as an export on a for-profit basis to non-hostile, non-white countries around the world,
including Japan, the Republic of Korea, Taiwan, the Philippines, India, Sri Lanka, Nepal, Bangladesh, Bhutan, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Timor-Leste, Papua New Guinea and other Pacific Island countries,
for the benefit of their non-white citizens, as well as Australian citizens.
Coal should be used to generate electricity in Australia.
Electricity generation and distribution in Australia should be owned, controlled and operated by the Australian federal government on behalf of Australian citizens in the form of a publicly owned Australian federal government entity named “Australian Electricity”, on a not-for-profit basis, in order to minimise the price of the electricity it generates and distributes for the benefit of Australian citizens.
Australian Electricity should be funded via the electricity bills that Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities receive from Australian Electricity and pay to Australian Electricity for the electricity generated and distributed by Australian Electricity that they consume.
Australian Electricity should not seek to generate profits in the course of its operation under any circumstances.
It is permissible for the Australian Bank to lend money to Australian Electricity as required if Australian Electricity has a deficit of funds, which can be repaid by Australian Electricity to the Australian Bank using the funds it receives as a result of Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities paying their electricity bills to Australian Electricity for the electricity generated and distributed by Australian Electricity that they consume.
Solar panels can be used by the private sector (i.e. Australian citizens, Australian businesses and Australian not-for-profit entities) to generate electricity in Australia but should not be used by the public sector (i.e. Australian federal, state, territorial and local governments) to generate electricity in Australia.
Ban wind turbines used to generate electricity in Australia, on account of the imposing vandalism of the natural environment that wind turbines used to generate electricity in Australia constitute and the excessive levels of noise that wind turbines used to generate electricity in Australia produce, to the detriment of people and animals in their vicinities, as well as the damage that wind turbines used to generate electricity in Australia inflict upon animals, such as birds, by injuring and killing them.
Natural gas should be used for cooking, heating and transportation in Australia, as well as industrial requirements in Australia (such as manufacturing requirements in Australia) but should not be used to generate electricity in Australia, unless there are compelling reasons to do so.
‘Carbon dioxide-driven climate change’ is a fraud.
Carbon dioxide exists in the earth’s atmosphere at around 400 parts per million (ie. 0.04% or 4% of 1%), which is around 1 part per 2,500. Therefore it is manifestly obvious that carbon dioxide does not influence the temperature of the atmosphere to any appreciable extent. In short, carbon dioxide emissions are not causing ‘global warming’, nor has it even been proven that ‘global warming’ is occurring.
‘Climate change’, which used to be called ‘global warming’, is a fraud designed to provide another excuse to set up world government on the basis that “it is not possible to fight climate change unless all countries around the world work together in a co-ordinated manner”. The United Nations aspires to be that world government (as a front for the State of Israel) and is controlled by the synagogue of Satan.
In fact, the fraud of ‘carbon dioxide-driven climate change’ is promoted by the Intergovernmental Panel on Climate Change (IPCC), which is part of the World Meteorological Organization, which is one of the fifteen agencies of the United Nations.
(Another agency of the United Nations is the World Health Organization, which is responsible for the criminal fraud of non-existent COVID-19 and associated mandates, including mask mandates, lockdowns, vaccination mandates and internment.)
The plan of the United Nations is to reduce carbon dioxide emissions in as many countries as possible, such as Australia, by aggressively encouraging these countries to shut down their coal-powered electricity generation. This serves to reduce the quality of life of the citizens of these countries, such as Australian citizens, by removing the civilising influence of coal-powered electricity, on which the citizens of these countries depend for their lighting, refrigeration, hot water and communications, to name just four uses of coal-powered electricity out of many.
The United Nations has created this fictitious idea that carbon dioxide emissions are threatening the world’s climate, via its Intergovernmental Panel on Climate Change (IPCC), in order to provide the pretext for a co-ordinated response administered by world government. However the real objective of the United Nations is to strictly dictate what we citizens around the world can and cannot do as we go about our daily lives, in order to disempower us, control us and rule over us as slaves.
‘Carbon dioxide-driven climate change’ is the underlying fraudulent rationale to be used as an excuse for world government to regulate, control and dominate the lives of all citizens of all countries. The fraud of ‘carbon dioxide-driven climate change’ is perfectly suited to this purpose because almost every aspect of our daily lives involves carbon dioxide emissions, either directly or indirectly.
Australian Mining and Extraction should transfer the ownership of the natural gas it extracts in Australia at prices which cover the costs of extraction of this resource on a not-for-profit basis to a publicly owned Australian federal government entity named “Australian Natural Gas”, which is responsible for producing, distributing and selling processed natural gas across the entirety of Australia, charging Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities for the processed natural gas that it produces, distributes and sells on a not-for-profit basis,
as well as distributing and selling processed natural gas as an export on a not-for-profit basis to other white countries around the world,
including Ireland, Britain, Germany, Sweden, Canada and New Zealand,
for the benefit of their white citizens, in order to promote solidarity among white citizens of white countries around the world in their hundreds of millions,
as well as distributing and selling processed natural gas, subject to availability, as an export on a for-profit basis to non-hostile, non-white countries around the world,
including Japan, the Republic of Korea, Taiwan, the Philippines, India, Sri Lanka, Nepal, Bangladesh, Bhutan, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Timor-Leste, Papua New Guinea and other Pacific Island countries,
for the benefit of their non-white citizens, as well as Australian citizens.
Natural gas should be used for cooking, heating and transportation in Australia, as well as industrial requirements in Australia (such as manufacturing requirements in Australia) but should not be used to generate electricity in Australia, unless there are compelling reasons to do so.
Australian Mining and Extraction should transfer the ownership of the oil it extracts in Australia at prices which cover the costs of extraction of this resource on a not-for-profit basis to a publicly owned Australian federal government entity named “Australian Oil”, which is responsible for refining, distributing and selling diesel, petrol, jet fuel and other products of oil across the entirety of Australia, charging Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities for the diesel, petrol, jet fuel and other products of oil that it refines, distributes and sells on a not-for-profit basis,
as well as distributing and selling diesel, petrol, jet fuel and other products of oil as exports on a not-for-profit basis to other white countries around the world,
including Ireland, Britain, Germany, Sweden, Canada and New Zealand,
for the benefit of their white citizens, in order to promote solidarity among white citizens of white countries around the world in their hundreds of millions,
as well as distributing and selling diesel, petrol, jet fuel and other products of oil, subject to availability, as exports on a for-profit basis to non-hostile, non-white countries around the world,
including Japan, the Republic of Korea, Taiwan, the Philippines, India, Sri Lanka, Nepal, Bangladesh, Bhutan, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Timor-Leste, Papua New Guinea and other Pacific Island countries,
for the benefit of their non-white citizens, as well as Australian citizens.
Australian Coal and Australian Mining and Extraction should transfer the ownership of the metallurgical coal processed by Australian Coal and the iron ore Australian Mining and Extraction extracts in Australia at prices which cover the costs of the respective processing and extraction of these resources on not-for-profit bases to a publicly owned Australian federal government entity named “Australian Steel”, which is responsible for producing, distributing and selling steel across the entirety of Australia, charging Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities for the steel that it produces, distributes and sells on a not-for-profit basis,
as well as distributing and selling both iron ore and steel as exports on a not-for-profit basis to other white countries around the world,
including Ireland, Britain, Germany, Sweden, Canada and New Zealand,
for the benefit of their white citizens, in order to promote solidarity among white citizens of white countries around the world in their hundreds of millions,
as well as distributing and selling steel, not iron ore, subject to availability, as an export on a for-profit basis to non-hostile, non-white countries around the world,
including Japan, the Republic of Korea, Taiwan, the Philippines, India, Sri Lanka, Nepal, Bangladesh, Bhutan, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Timor-Leste, Papua New Guinea and other Pacific Island countries,
for the benefit of their non-white citizens, as well as Australian citizens.
Australian Mining and Extraction should transfer the ownership of the bauxite it extracts in Australia at prices which cover the costs of extraction of this resource on a not-for-profit basis to a publicly owned Australian federal government entity named “Australian Aluminium”, which is responsible for producing, distributing and selling aluminium across the entirety of Australia, charging Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities for the aluminium that it produces, distributes and sells on a not-for-profit basis,
as well as distributing and selling both bauxite and aluminium as exports on a not-for-profit basis to other white countries around the world,
including Ireland, Britain, Germany, Sweden, Canada and New Zealand,
for the benefit of their white citizens, in order to promote solidarity among white citizens of white countries around the world in their hundreds of millions,
as well as distributing and selling aluminium, not bauxite, subject to availability, as an export on a for-profit basis to non-hostile, non-white countries around the world,
including Japan, the Republic of Korea, Taiwan, the Philippines, India, Sri Lanka, Nepal, Bangladesh, Bhutan, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Timor-Leste, Papua New Guinea and other Pacific Island countries,
for the benefit of their non-white citizens, as well as Australian citizens.
Australian Mining and Extraction should transfer the ownership of the copper sulphide it extracts in Australia at prices which cover the costs of extraction of this resource on a not-for-profit basis to a publicly owned Australian federal government entity named “Australian Copper”, which is responsible for producing, distributing and selling copper across the entirety of Australia, charging Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities for the copper that it produces, distributes and sells on a not-for-profit basis,
as well as distributing and selling both copper sulphide and copper as exports on a not-for-profit basis to other white countries around the world,
including Ireland, Britain, Germany, Sweden, Canada and New Zealand,
for the benefit of their white citizens, in order to promote solidarity among white citizens of white countries around the world in their hundreds of millions,
as well as distributing and selling copper, not copper sulphide, subject to availability, as an export on a for-profit basis to non-hostile, non-white countries around the world,
including Japan, the Republic of Korea, Taiwan, the Philippines, India, Sri Lanka, Nepal, Bangladesh, Bhutan, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Timor-Leste, Papua New Guinea and other Pacific Island countries,
for the benefit of their non-white citizens, as well as Australian citizens.
Et cetera.
(The resources in Australia are thermal coal, natural gas, oil, metallurgical coal, iron ore, bauxite, copper sulphide and many other resources.)
For your consideration…
If Australia had a publicly owned Australian federal government entity named “Australian Bank” that lends without charging interest, then the Australian federal government could fund the costs of the publicly owned Australian federal government entity named “Australian Mining and Extraction” mining and extracting resources in Australia via the Australian Bank lending to Australian Mining and Extraction (i.e. creating money out of nothing when it lends like banks do, by debiting its asset account named “Loans Receivable” and crediting its liability account named “Deposits”, being the bank account of Australian Mining and Extraction with the Australian Bank, in order to make the funds loaned available to Australian Mining and Extraction).
If Australia had a publicly owned Australian federal government entity named “Australian Bank” that lends without charging interest, then the Australian federal government could fund the costs of the publicly owned Australian federal government entity named “Australian Resources” processing, refining and producing resources in Australia via the Australian Bank lending to Australian Resources (i.e. creating money out of nothing when it lends like banks do, by debiting its asset account named “Loans Receivable” and crediting its liability account named “Deposits”, being the bank account of Australian Resources with the Australian Bank, in order to make the funds loaned available to Australian Resources).
The loans from the Australian Bank to Australian Mining and Extraction could be repaid with the funds obtained when the ownership of the resources that Australian Mining and Extraction mines or extracts is transferred to Australian Resources at prices which cover the costs of Australian Mining and Extraction mining or extracting these resources on a not-for-profit basis.
The loans from the Australian Bank to Australian Resources could be repaid with the funds obtained when the resources that Australian Resources obtains, processes, refines or produces are sold by Australian Resources (comprising Australian Coal, Australian Natural Gas, Australian Oil, Australian Steel, Australian Aluminium, Australian Copper, et cetera),
as thermal coal, natural gas, oil, diesel, petrol, jet fuel and other products of oil, metallurgical coal, iron ore, steel, bauxite, aluminium, copper sulphide, copper, et cetera,
to end-user Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities on not-for-profit bases,
as well as to other white countries around the world as exports on a not-for-profit basis,
including Ireland, Britain, Germany, Sweden, Canada and New Zealand,
including raw resources such as thermal coal, natural gas, oil, metallurgical coal, iron ore, bauxite, copper sulphide, et cetera,
for the benefit of their white citizens, in order to promote solidarity among white citizens of white countries around the world in their hundreds of millions,
as well as to non-hostile, non-white countries around the world as exports on a for-profit basis,
including Japan, the Republic of Korea, Taiwan, the Philippines, India, Sri Lanka, Nepal, Bangladesh, Bhutan, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Timor-Leste, Papua New Guinea and other Pacific Island countries,
excluding raw resources such as natural gas, oil, metallurgical coal, iron ore, bauxite, copper sulphide, et cetera but including the raw resource of thermal coal (for coal-powered electricity generation),
for the benefit of their non-white citizens, as well as Australian citizens.
The Australian federal government should sell any mined or extracted resources that are surplus to the needs of Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities (such as mined thermal coal, metallurgical coal, iron ore, bauxite, copper sulphide, et cetera or extracted natural gas and oil) and any processed, refined or produced resources that are surplus to the needs of Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities (such as processed natural gas, refined diesel, petrol, jet fuel, produced steel, aluminium, copper, et cetera) on a not-for-profit basis to other white countries around the world,
including Ireland, Britain, Germany, Sweden, Canada and New Zealand,
at prices that match the costs incurred by the Australian federal government to mine or extract the resources and process, refine or produce the resources, in order to obtain the currencies of these other white countries (held in the banks of these other white countries on behalf of the Australian federal government) and
the Australian federal government should sell any thermal coal, not metallurgical coal or any other mined or extracted resources, that is surplus to the needs of Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities and any processed, refined or produced resources that are surplus to the needs of Australian citizens, Australian businesses, Australian not-for-profit entities, Australian federal government entities and Australian local government entities (such as processed natural gas, refined diesel, petrol, jet fuel, produced steel, aluminium, copper, et cetera) on a for-profit basis to non-hostile, non-white countries around the world,
including Japan, the Republic of Korea, Taiwan, the Philippines, India, Sri Lanka, Nepal, Bangladesh, Bhutan, Thailand, Cambodia, Malaysia, Singapore, Indonesia, Timor-Leste, Papua New Guinea and other Pacific Island countries,
at prices that exceed the costs incurred by the Australian federal government to mine the thermal coal and process, refine or produce the resources, in order to obtain the currencies of these non-white countries (held in the banks of these non-white countries on behalf of the Australian federal government),
which can be used by the Australian federal government to
purchase goods or services from these other countries, such as motor vehicles for Australian federal government motor vehicle fleets and military equipment for the defence of Australia, or
purchase goods from any one of these other countries on behalf of any given Australian citizen, Australian business, Australian not-for-profit entity, Australian federal government entity or Australian local government entity, who or which seeks to purchase the goods but needs the currency of the other country before they can purchase the goods, so that the Australian citizen, Australian business, Australian not-for-profit entity, Australian federal government entity or Australian local government entity can pay the Australian federal government the required price of the goods in Australian dollars on a currency-exchange basis via a publicly owned Australian Bank (containing the bank accounts of every Australian citizen, every Australian business, every Australian not-for-profit entity, every Australian federal government entity and every Australian local government entity), so that the Australian federal government can authorise the appropriate currency under its ownership in the appropriate amount in the appropriate bank of the appropriate other country to be utilised to pay for the goods on behalf of the Australian citizen, Australian business, Australian not-for-profit entity, Australian federal government entity or Australian local government entity, so that the goods will be dispatched to the Australian citizen, Australian business, Australian not-for-profit entity, Australian federal government entity or Australian local government entity by the seller of the goods in the other country.
Until such time as the Australian federal government can implement this policy in full, the Australian federal government should charge mining businesses and extraction businesses operating in Australia a royalty amounting to 50% of their operating profits on the resources in Australia they mine (i.e. thermal coal, metallurgical coal, iron ore, bauxite, copper sulphide, et cetera) and extract (i.e. natural gas and oil), as well as sell to buyers in Australia or other countries around the world as exports from Australia (subject to export control by the Australian federal government), including
thermal coal (for coal-powered electricity generation),
natural gas,
oil (for refining of diesel, petrol, jet fuel and other products of oil),
metallurgical coal (for steel production),
iron ore (for steel production),
manganese (for steel production),
nickel (for stainless steel production),
bauxite (for aluminium production),
copper sulphide (for copper production),
gold,
silver,
lithium,
rare earth elements and
mineral sands.
The Australian federal government is entitled to 50% of the operating profits of mining businesses and extraction businesses operating in Australia on the resources in Australia they mine and extract, as well as sell
(being the sale prices of the resources in Australia they mine and extract, as well as sell minus the respective mining costs and extraction costs of the resources in Australia they mine and extract, as well as other relevant costs, including sales costs and shipping costs),
on the basis of an equal partnership with mining businesses and extraction businesses operating in Australia, involving
the Australian federal government providing the ownership of the resources in Australia on behalf of Australian citizens and
mining businesses and extraction businesses operating in Australia providing
the mining and extraction of the resources in Australia, as well as the sale of the resources in Australia to buyers in Australia or other countries around the world as exports from Australia (subject to export control by the Australian federal government), as well as
the capital investments required to make it all happen.
Mining businesses and extraction businesses operating in Australia should be subject to strict regulation by the Australian federal government, in order to prevent them from illegitimately reducing their operating profits, by illegitimately deducting expenses relating to their capital investments or other capital items, including interest on debt, depreciation and amortisation, as a means of illegitimately reducing the amount of royalties they owe to the Australian federal government.
This royalty should be in place of taxes on the profits of businesses operating in Australia, including mining businesses and extraction businesses operating in Australia, being company tax.
The Australian federal government should abolish taxes on the profits of businesses operating in Australia, including mining businesses and extraction businesses operating in Australia, being company tax,
by finding savings in the annual budget of the Australian federal government equal to the amount of tax revenue collected each year by the Australian federal government from taxes on the profits of businesses operating in Australia, including mining businesses and extraction businesses operating in Australia, being company tax,
including the costs of funding the construction of new infrastructure in Australia each year and the repair of existing infrastructure in Australia as required each year via tax revenue (of any type) collected each year by the Australian federal government
(not the cost of funding the maintenance of all existing infrastructure in Australia each year, which is a recurring expense that should be funded via tax revenue collected each year by the Australian federal government),
since the construction of new infrastructure in Australia each year and the repair of existing infrastructure in Australia as required each year are non-recurring expenses that should be
partly funded via a royalty charged by the Australian federal government to mining businesses and extraction businesses operating in Australia amounting to 50% of their operating profits and
partly funded via borrowing by the Australian federal government from a publicly owned Australian federal government entity named “Australian Bank” that does not require the Australian federal government to pay interest.
Taxation (closing paragraphs, being the fifth last to the second last paragraphs as follows)
“Abolish all taxes on the profits of businesses in Australia, since the profits of businesses in Australia should only be taxed via income tax, after they are paid to the owners of the businesses in Australia which generated those profits, including dividends paid out of profits of companies in Australia to the shareholders of the companies in Australia which generated those profits.
However, income tax should be abolished, so that there should no longer be any need to tax the profits of businesses in Australia via income tax, after they are paid to the owners of the businesses in Australia which generated those profits.
There should be no taxes on the profits of businesses in Australia (i.e. sole traders, partnerships, companies, et cetera), which are distributed to the Australian citizens and citizens of other countries who own the businesses in Australia (i.e. proprietors, partners, shareholders, et cetera) as income of those Australian citizens and citizens of other countries and can then be subject to income tax in Australia and those other countries. This means that the profits of businesses in Australia, which are distributed to the Australian citizens and citizens of other countries who own the businesses in Australia which generated those profits, should only be taxed once via income tax as income of the Australian citizens and citizens of other countries who own the businesses in Australia which generated those profits.
However, income tax should be abolished, so that there should no longer be any need to tax the profits of businesses in Australia via income tax, after they are paid to the owners of the businesses in Australia which generated those profits.”
It is important that the Australian federal government properly informs Australian citizens that this royalty,
which the Australian federal government should charge mining businesses and extraction businesses operating in Australia, amounting to 50% of their operating profits on the resources in Australia they mine and extract, as well as sell to buyers in Australia or other countries around the world as exports from Australia (subject to export control by the Australian federal government),
does not constitute a tax on the profits of mining businesses and extraction businesses operating in Australia but financial compensation due to the Australian federal government on the sale of the resources in Australia they mine and extract, as the rightful owner of these resources in Australia on behalf of Australian citizens.
This royalty should not be in place of, but in addition to, Goods and Services Tax (GST) that the Australian federal government charges on the sale of the resources mined and extracted in Australia by mining businesses and extraction businesses operating in Australia to buyers in Australia because this royalty does not constitute a tax but financial compensation due to the Australian federal government on the sale of the resources in Australia they mine and extract, as the rightful owner of these resources in Australia on behalf of Australian citizens.
Estimates of the sales revenue earned by all mining businesses and extraction businesses operating in Australia by mining and extracting major resources in Australia (at any point in time) and selling them in the 2024 to 2025 financial year are as follows:
~ thermal coal (for coal-powered electricity generation) – $32 billion
~ natural gas – $100 billion
~ oil (for refining of diesel, petrol, jet fuel and other products of oil) – $2 billion
~ metallurgical coal (for steel production) – $39 billion
~ iron ore (for steel production) – $116 billion
~ manganese (for steel production) – $2 billion
~ nickel (for stainless steel production) – $4 billion
~ bauxite (for aluminium production) – $10 billion
~ copper sulphide (for copper production) – $10 billion
~ gold – $55 billion
~ silver – $1 billion
~ lithium – $5 billion
~ rare earth elements – $1 billion
~ mineral sands – $4 billion
Total – $381 billion
(ChatGPT.com:
“Please list estimates of the sales revenue earned by all mining businesses and extraction businesses operating in Australia by mining and extracting the following major resources in Australia (at any point in time) and selling them in the 2024 to 2025 financial year:
~ thermal coal
~ natural gas
~ oil
~ metallurgical coal
~ iron ore
~ manganese
~ nickel
~ bauxite
~ copper sulphide
~ gold
~ silver
~ lithium
~ rare earth elements
~ mineral sands”)
Total royalties charged by the Australian federal government,
total royalties charged by the Australian state and territorial governments,
total Petroleum Resource Rent Tax (PRRT) charged by the Australian federal government and
total company tax collected by the Australian federal government
from all mining businesses and extraction businesses operating in Australia for the 2024 to 2025 financial year,
as well as the total of all of these amounts:
~ royalties charged by the Australian federal government – $0.5 billion to $2 billion
~ royalties charged by the Australian state and territorial governments – $30 billion to $35 billion
~ Petroleum Resource Rent Tax charged by the Australian federal government – $1 billion to $3 billion
~ company tax collected by the Australian federal government – $30 billion to $45 billion
Total – $61.5 billion to $85 billion
(ChatGPT.com:
“What were
the total royalties charged by the Australian federal government,
the total royalties charged by the Australian state and territorial governments,
the total Petroleum Resource Rent Tax (PRRT) charged by the Australian federal government and
the total company tax collected by the Australian federal government
to and from all mining businesses and extraction businesses operating in Australia for the 2024 to 2025 financial year,
as well as the total of all of these amounts?”)