Advertisement
Queensland Treasurer Cameron Dick came under fire over last year’s budget when he ‘blindsided’ the coal industry by introducing two new tiers of coal royalties.
This included a top tier of 40% for coal prices above $300-a-tonne.
Queensland Resources Council (QRC) estimates there will be an additional $8 billion in coal royalties in the 2022-23 budget, and has launched an ad campaign against the government.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
Advertisement