Business

Palmer 'paid no tax in 2010-11'

Clive Palmer
Clive Palmer Rockhampton Morning Bulletin

BILLIONAIRE mining magnate Clive Palmer's mining company Mineralogy reportedly paid no tax in the 2010-11 financial year.

A Fairfax media report on Thursday cited ASIC documents showing the company had reported losses for the past three years.

Mr Palmer has been a virulent critic of the mining tax proposed by the Federal Government.

A company spokesman would not comment on the figures except to say the magnate had a "vast portfolio of business interests including numerous resource companies".

"Mineralogy lodges its accounts with ASIC and follows all regulatory procedures."

Topics:  business clive palmer mineralogy tax



Cashless Debit Card has faced opposition in region

GREENS Senator Rachel Siewert has spoken in front of a crowd of people at Hervey Bay Community Centre, sharing her concerns about the cashless welfare card.

The card has faced opposition in Hervey Bay.

Social enterprise movement has Fraser Coast in its sights

SOCIAL SKILLS: Shane Matterson, Tanya Stevenson, Maggie Johns, Evan Munroe and Helen Halford show off items made by The Shed to be on display on October 11.

The social enterprise movement is coming to Hervey Bay.

Fraser Coast domestic tourism numbers down, but spending up

Martin Simons has been named the new general manager of Fraser Coast Tourism and Events.

Spending by domestic visitors is up by 21%.

Local Partners