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 proposed are well out of step with other jurisdictions and display a deep lack of appreciation of the sector and the investment challenges which the coal industry faces. The net affect of the royalty changes is likely to be negative for both the State and industry.”
Source/image: Herbert Smith Freeholds