Currently, coal mining companies are calling on the Queensland government to be transparent about how much the state government will tax them in 2022-2023, even though the new financial year is approaching.
Queensland Treasurer Cameron Dick said that the tax on each tonne of coal sold, also known as royalties, imposed on miners would rise in the 2022-2023 financial year after what he called a decade-long freeze.
“Obviously, that resource belongs to the people of Queensland, and now we’re looking at what that might look like in the future,” Dick told reporters.
Last December, the treasure predicted that coal royalties would rise to $4.6 billion (US$3.28 billion) in 2021-2022 from $2 billion projected in the 2021 budget….