Queensland already had the highest coal royalty rates in Australia.
Lifting the top rate from 15% to 40% means that the cost of Queensland coal will now be much higher than the equivalent coal from NSW.
So where do you think customers will go to buy coal? And where do you think companies will choose to invest their money?
Vital investment, projects and jobs will be lost to Queensland in favour of other states and countries with more favourable tax regimes.