Isn’t this increase going to help fund hospitals, schools and other Qld infrastructure?

There has been very little transparency about what will happen with the extra taxes generated.

The Government has not said what it will do with any extra funds, including whether they will be spend in regional Queensland or in Brisbane.

What we know is that the Government is taking a staggering $4.5 billion in additional royalty taxes this year alone - after saying in their Budget it would only take $800m.

Commodity Insights Report

We also know that while the coal price boom won't last forever, the damage to Queensland's reputation as a stable and reliable place to invest will be long lasting.