(Source: ACF - Australian Conservation Foundation) "The budget delivers on the Government's core nature conservation commitments to the Great Barrier Reef, marine reserves, Tasmania's forests, the Murray-Darling and Caring for our Country, but fails to cut the big taxpayer assistance for fossil fuel use that promotes pollution," said ACF CEO Don Henry. Fossil fuel subsidies Modification of accelerated depreciation rules to require exploration rights to be depreciated over 15 years, which saves the Budget $1.1 billion over four years. However, some of this is returned to industry via an additional $140...
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