Queensland lifts coal royalties

INDUSTRY groups have come out swinging after the Queensland government hit the state’s coal industry with three tiers of extra royalties.

Queensland lifts coal royalties Queensland lifts coal royalties Queensland lifts coal royalties Queensland lifts coal royalties Queensland lifts coal royalties

The new Queensland coal royalty rates will be 20% for prices above A$175, 30% for prices above $225, and a 40% tier that would apply when prices exceed $300.