News
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Fears royalty hike will spear Qld's exploration industry
Queensland’s minerals exploration sector will also feel the brunt of the State Government’s decision to increase coal royalty tax rates to the highest rates in the world, Queensland Resources Council (QRC) chief executive Ian Macfarlane said today. Speaking at the Queensland Exploration Council’s (QEC) annual Tech Summit in Brisbane, Mr...
Written by KQC Admin
August 17, 2022 -
Qld Govt's taxpayer-funded ad campaign designed to mislead and divide
The Palaszczuk Government has reached a new low by launching a taxpayer-funded advertising campaign to try and justify its decision to impose excessive new royalty taxes on the resources sector, the Queensland Resources Council (QRC) said today. QRC Chief Executive Ian Macfarlane said the ads are misleading and designed to make...
Written by KQC Admin
July 06, 2022 -
QLD State Royalties: Out of Step with all other jurisdictions
Jay Leary, Partner of one of the world's leading professional services businesses, Herbert Smith Freehills comments on the Qld Government Royalty increase: "When the Queensland government announced significant changes to the royalty regime for coal the changes, it ended what has otherwise been a stable period of royalty policy nationally. The royalty changes...
Written by KQC Admin
June 23, 2022 -
New state resources tax crash tackles economy
The Queensland Government’s decision to impose the world’s highest rates of coal royalty taxes on the resources sector will hit the state economy much harder than the Treasurer is predicting, the Queensland Resources Council (QRC) said today. QRC Chief Executive Ian Macfarlane said independent market analysts such as OCE, AME and Consensus...
Written by KQC Admin
June 23, 2022 -
Qld Govt imposes world’s highest royalty taxes on resources sector
The Queensland Government’s decision to impose the world’s highest royalty taxes on the resources sector will hit regional communities and businesses hard, as companies are forced to rethink their future investment and employment plans. Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said the industry is reeling from the addition...
Written by KQC Admin
June 21, 2022 -
Qld Treasurer about to cook the golden goose
Queensland’s resources sector has come out fighting in response to State Government plans to impose higher coal royalty taxes on the industry. Ian Macfarlane said it was disingenuous for Treasurer Cameron Dick to frame the tax increase as necessary to support the health budget. “The resources sector is already paying...
Written by KQC Admin
June 08, 2022