Queensland Coal Royalties Reach 40% Rate
Queensland has implemented a tiered royalty system that imposes a 40% tax on every dollar earned from coal exceeding $300 per tonne. This rate significantly exceeds the 7.5% royalty on iron ore in Western Australia and the 5% rate for copper and base metals in Queensland. Industry representatives state that these high royalty levels put jobs at risk. The policy represents the highest coal royalty rate in the region. The royalty structure is tiered based on revenue rather than profit. Industry experts suggest the current royalty levels may cause the coal industry to deteriorate over time. This system has been a point of discussion within the Queensland mining sector.
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Sources · 7 independent
2GB Sydney
“Their tiered royalty system now triggers a massive 40% tax on every dollar earned over $300 per tonne of coal.”
2GB Sydney
“at 5% so in Queensland they have the highest coal royalties on”
2GB Sydney
“You mentioned 40%. It is a revenue-based royalty. not a profit based royalty. So effectively it's tiered, the tiers started.”
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