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The Guardian - AU
The Guardian - AU
National
Peter Hannam

‘Pandora’s box’: experts say Queensland’s windfall from coal royalties could set a precedent

Coal Queensland Cameron Dick Peter Hannam Ian Macfarlane QRC Sue Higginson Tim Buckley Mining
Heavy machinery moves coal at a mine in NSW
The Queensland budget this week imposed three trigger points for higher mining royalties, which could deliver an extra $15bn in 2022-23. Photograph: Mark Baker/AP

Queensland’s rewriting of royalty rules could tip billions of dollars more into its coffers this coming year, with an analyst saying it’s a missed opportunity for New South Wales that is still open to other states and the commonwealth to mimic.

The Queensland budget this week imposed three trigger points for higher mining royalties, which the Queensland Resources Council (QRC) predicts will deliver an extra $15bn in 2022-23.

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