Coal mining has been booming in Australia, and there’s good news for job seekers looking to make a bit of money in the industry.
The government’s new rules to encourage job creation will bring an increase in mining jobs to the region, according to an article by The Sydney Morning Herald.
The coal industry employs about 3,000 people across the country, but the number of jobs created is far less.
According to a report by the Australian Bureau of Statistics, about 1,600 mining jobs have been created since the rules came into effect.
The new rules will see companies pay up to $1.3 million in penalties if they hire more than 100 people for a year.
The maximum penalty for companies breaching the rule is $5.6 million.
This means companies can be fined up to about $1 billion.
The Australian Competition and Consumer Commission has warned that companies are likely to face legal action if they fail to meet the new rules.AACC chief executive Andrew Pringle said the regulator had a duty to protect consumers from unfair business practices.
“We are very concerned about the potential for unfair business practice, including when a company engages in employment practices that are likely, or in some cases, likely, to cause consumers to lose confidence in that company,” Mr Pringle told the ABC.
“This is an area that has been flagged up to the ACCC by several Australian industry associations.”