Queensland to charge extra royalties while NSW maintains rate

THE QUEENSLAND government has hit the state’s coal industry with three tiers of extra royalties while the New South Wales budget has been praised for delivering a commitment to the future of the minerals industry in its budget and not raising royalties.

Queensland to charge extra royalties while NSW maintains rate  Queensland to charge extra royalties while NSW maintains rate  Queensland to charge extra royalties while NSW maintains rate  Queensland to charge extra royalties while NSW maintains rate  Queensland to charge extra royalties while NSW maintains rate

The Queensland government has slugged the coal industry with extra royalty charges in its latest budget.

The new Queensland coal royalty rates will be 20% for prices above A$175, 30% for prices above $225, and a 40% tier that would apply when prices exceed $300.