WebThe royalty rate for coal is determined based on the average price per tonne of coal sold, disposed of or used in a royalty return period. Since 1 October 2012, the highest marginal … WebAug 26, 2024 · After all it's Queenslanders who own the resource that the miners are making money from. The old royalty scheme was capped at a top tier of $150 per tonne with royalties charged at 15 per cent of the value of coal. This meant the state wasn't receiving more revenue when coal prices were at record highs.
‘Very different place’: new campaign over mining taxes …
Key points: The Queensland government announced three new tiers for coal royalties in Tuesday's budget There has been a decade-long freeze on royalties, which was capped at 15 per cent for prices above $150 per tonne The mining industry has slammed the move and warned it could hurt future investment, … See more But Queensland Resources Council chief executive Ian Macfarlane said the policy was "misguided" and would make the state less internationally competitive. "What the government … See more Anglo American operate several mines across central Queensland, including the Moranbah North and Grosvenor mines. The company's Australian CEO Nick Barlow said the … See more Kylie Porter from the Greater Whitsunday Alliance, the economic development agency for the Mackay, Isaac and Whitsunday regions, … See more Professor John Quiggin from the University of Queensland's School of Economics said the government's policy was a "good way of capitalising on current high coal prices, which are unlikely to be sustained". "Raising … See more WebJun 21, 2024 · The budget also confirmed Queensland’s commitment to providing $3,000 in subsidies for the purchase of new zero emissions vehicles – with $55 million available … truprofin pain medication for dogs
More coal companies speak out against Qld Govt royalty tax hike
WebSep 20, 2024 · Ray Chan September 20, 2024, 10:45 pm. A new report has found that the Queensland Government severely underestimated the impact of higher royalty taxes on the state’s coal export sector. The ... WebFeb 8, 2024 · Mining and petroleum (including coal seam gas) development in Queensland is regulated separately from other forms of land development and are not subject to the … WebJun 21, 2024 · The Palaszczuk government’s announcement that it will take 40 per cent of the value when coal prices exceed $300 per tonne echoes the 40 per cent tax that two other Queensland Laborites –... philippines to hawaii hours