Hockey says ‘no’ to new taxes to recoup iron ore losses

TREASURER Joe Hockey says the Federal Government will not impose new taxes to recover lost revenue from falling iron ore prices.

He is expected to release the budget next month.

Mr Hockey is in the United States for the G20 Finance Ministers and Central Bank Governors meeting.

He said there was no doubt falling iron ore prices had an impact on the budget because the commodity had been Australia's biggest export.

"When we came to government it was hovering around $100 a tonne," he told ABC.

"Now, it's close to $40 a tonne.

"But we are not going to chase the fall in revenue associated with falling iron ore prices down. We're not going to be imposing new taxes in order to try and recover that lost revenue."


Precious hay supply destroyed as fire tears through stables

Precious hay supply destroyed as fire tears through stables

Dalby police investigate fire in stables which destroyed hay supply

The quick and the long

The quick and the long

Roma's Dachshund Day is coming up, just in time for school holidays.

Woman taken to hospital after being hit with bat

Woman taken to hospital after being hit with bat

DALBY POLICE are investigating an alleged assault last night.

Local Partners