phillips river project - henry reforms, page-2

Just reading one of the government media releases myself, to see if here is another side to the its a tax grab line.
http://www.deewr.gov.au/Department/Documents/Files/FERGUSON%20MEDIA%20RELEASE%20(4).pdf

Two positives (I think)

Under the RSPT the Government will provide a refundable credit to resource entities for state royalties and will guarantee to contribute 40 per cent of the investment cost of a resource project.

The RER is a simpler and more effective way to promote investment in exploration than a flow-through shares scheme. For a company in a tax loss position that spends $1 million on exploration, the RER will provide an immediate cash benefit of $300,000.
RER= resource exploration rebate

Perhaps the Sky isnt falling, or perhaps it is but not on small explorers