Business
A lot is at stake in the current brawl between the state’s mining industry and the Palaszczuk Government and it looks increasingly like the miners have been trapped.
News
The State Government claims the huge bounty from coal royalties in the past year won’t be lost through the GST process.
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Queensland’s economy grew 4.4 per cent in 2021-22, running ahead of national GDP growth and fuelling a record $5.2 billion surplus forecast for the remainder of the financial year.
The brawling between the Palaszczuk Government and the mining sector stepped up on Tuesday as the Premier called for new leadership of the Queensland Resources Council.
Tax revenues from the windfall profits of mining companies should be directed towards income support for the vulnerable rather than letting wages increase at a time when company profits were moderating, according to the chief economist at the State Government’s investment manager QIC.
The Queensland Government has been thrown back into a diplomatic brawl after Japan’s ambassador said the recent hike in coal royalties had the potential to dilute the trust between the two countries and impact future negotiations over hydrogen exports and other industries.
