Queensland State Government plans to legislate a super tax on coal profits, making it harder to alter coal royalties.
Queensland's State Government plans to legislate a super tax on coal profits, making it harder for future governments to alter the coal royalty hike. The tax has drawn criticism from lobby groups and Japan's ambassador, but has contributed billions to the state's economy. Treasurer Cameron Dick will table a bill requiring legislative changes for any future modifications to coal royalties, aiming to protect royalties for Queenslanders and prevent quiet regulatory changes.
May 23, 2024
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