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Newcastle Herald
Newcastle Herald
National
Ian Kirkwood

Treasurer Matt Kean rules out coal rate royalty rise as industry lobbies government for change

Treasurer and Energy Minister Matt Kean yesterday ruled out lifting the rate charged on coal royalties, as the Queensland Labor government did last year. Picture by AAP

TREASURER and Energy Minister Matt Kean today ruled out an increase in the percentage rate of coal royalties, at a media conference called to announce the Perrottet government's electric car policy.

The Newcastle Herald understands that a feared royalty hike was one of about half a dozen major points raised by the coal industry at an online meeting with Deputy Premier Paul Toole on Monday afternoon.

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