Qld coal royalty levels to remain steady

THE Queensland government has assured the coal industry it would not be lifting coal royalties and would continue to encourage the growth of the industry despite Treasurer Jackie Trad saying earlier this year that the state should prepared to phase out coal.

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Qld coal royalty levels to remain steady Qld coal royalty levels to remain steady Qld coal royalty levels to remain steady Qld coal royalty levels to remain steady Qld coal royalty levels to remain steady

Queensland Treasurer Jackie Trad.

Coal royalties are at record levels with $4.2 billion expected this financial year, compared to $1.6 billion under the last budget of the previous Liberal National Party government.