The resources sector has welcomed initiatives from the Victorian government to regulate the minerals industry but has lamented the lack of support for critical minerals development and additional payroll taxes.
In its 2023-24 Budget, the Victorian government allocated A$23.3-million in new funding to the resources sector, including the establishment of an Earth Resources Approvals Coordinator which will provide strategic project facilitation to help complex mining projects navigate through the array of Acts, regulators and tiers of government and deliver much needed investments in regional Victoria.