IMO, we should be targeting our Iron Ore, Met & Thermal coal & LNG exports to raise mor national income & the best way to do that is to simply remove the GST input credits which would raise about an extra $9 billion/year.
In all 4 areas, we have about 60 years of reserves left at the current expraction rates.
This would be the right response to China's embargo on our food exports to China . It would also generate enough capital to build our own smelters/mills thereby trippling out export revenue.
Refunding GST inputs for exported goods is a tax concession; not a right.
