News

  • If you hurt QLD resources, you hurt QLD's future.

    Queensland has one of the best resources industries in the world. For generations it has paid billions of dollars in taxes and royalties, helping pay for schools, hospitals, emergency services and major infrastructure projects. All of which have helped make Queensland prosperous and the envy of many other states. Given...
  • The economists were right.

    Leading economists warned the State Government that raising royalty taxes - without warning - would cost Queensland future Investment and Jobs.     And they were right.   Already, more than $2 billion dollars of much-needed Queensland investment has been cancelled*1 at a cost of more than 2,000 Queensland jobs*2....
  • $2bn investment pulled as a result of royalty tax hike

    The Australian newspaper reported on Thursday that Glencore had pulled the plug on a $2bn investment in Queensland. Glencore was forced to make this decision 'in the face of the state’s royalty increases and the federal government’s ­industrial relations changes'. In what can only be described as a major blow to the Queensland...
  • Qld Govt makes serious miscalculation in Royalty tax hike

    New figures in the mid-year Budget update confirm the Queensland Government has significantly underestimated the impact of its decision to lift the coal royalty tax rate. Far from the Treasurer's claim that the new coal royalty scheme would generate an extra $765m in 2022-23, new forecasts released in the budget...
  • Queensland royalty tax is now 5 x that of NSW

    According to independent consultancy Commodity Insights, the Qld governments' royalty increase means it is now 5 x the rate of NSW. This has significant implications for Queensland investment, projects (particularly those in renewables and clean energy) and jobs. We have already seen vital Queensland projects either shelved, put on hold...
  • ‘Extreme royalty’ changes a growing threat to Qld resources investment

    Comments from another major resources company again highlight the growing threat to investment and jobs in the sector in Queensland from the state government’s royalty tax hike. QRC Chief Executive Ian Macfarlane says Peabody Energy has joined the list of major resources companies calling on the Queensland Government to reconsider...