News

Qld must benefit from mining tax: premier

Premier Campbell Newman confirmed increasing coal royalties in Queensland would be "on the table" if the state did not benefit from the Federal Government's controversial mineral resources rent tax.
Premier Campbell Newman confirmed increasing coal royalties in Queensland would be "on the table" if the state did not benefit from the Federal Government's controversial mineral resources rent tax. Peter Holt

COAL companies could be slapped with a higher royalties tax if the Federal Government does not direct income from the mining super tax back into Queensland infrastructure.

At a press conference in Brisbane today, Premier Campbell Newman confirmed increasing coal royalties in Queensland would be "on the table" if the state did not benefit from the Federal Government's controversial mineral resources rent tax.

According to rates set in July last year, coal mining companies in Queensland are required to pay 7% of value up to $100 per tonne of coal and 10% of the value thereafter in royalties to the State Government.

Under the Federal Government's super profit mining tax, mining companies with an annual profit of $75 million or more will be required to pay 30% tax.

The Federal Government has said taxes paid by Queensland mining companies under the resources tax would be directed back into the Queensland community to fund infrastructure.

During a meeting with Prime Minister Julia Gillard in Brisbane after his landslide election win, Mr Newman said he discussed that promise.

"I told the Prime Minister over a week ago as long as they deliver on that then that's fine," he said.

Mr Newman said he would just have to wait to see what the Gillard government came up with.

"As long as the Federal Government demonstrates that the money from the mining super profits tax comes back to Queensland so we can build roads and other pieces of infrastructure I will be happy for that to occur," he said.

Otherwise, the Queensland Government would be in strong disagreement and might have to take "other measures", he said.

Mr Newman will take his strong opposition for Labor's taxes, including the carbon tax, to the Council of Australian Governments meeting in Canberra on Friday.

He said he was "incredulous" that federal Labor had not received the message from the Australian people.

"The reason why people are so upset with Labor is they keep hurting families," he said.

"All they have done at federal and a state level in the past few years is put (prices up) and a whole range of other taxes and charges and now they want to hit them with the carbon tax.

"The message I take to COAG is if you want to be a government that actually cares about people then stop taxing them as much."

Topics:  campbell newman coal mining tax



Brisbane's arts and culture events centre stage

A CITY drenched in culture, Brisbane is again flaunting an arts and culture events calendar fit for a queen.

Homewares stores to fulfil your Instagram dreams

No Caption

You too can become an Insta-star with these fab stores.

Date nights under $50

Nothing is more romantic than a picnic with a cracking view.

NOT every date has to cost you a bomb.

Top 10 Brisbane experiences to cross off your bucket list

Do yourself a favour and get amongst the food truck scene. Eat Street is a great place to start.

A GOOD bucket list doesn’t have to span continents or cost millions.

Six mega sporting events you need to be at this year

Don't miss all the action trackside this season.

IF THERE is one thing Brisbane does damn well, it’s play host.

Six reasons to get to Brisbane this Autumn

The Brisbane Powerhouse has free comedy on Friday nights.

AUTUMN has to be up there with one of the best seasons of the year.

The best things to do in Brisbane are FREE. Yes, FREE

Mt Coot-tha is a seriously gorgeous way to start your day.

HEADING to the big smoke doesn’t have to come with a big price tag.

Woman fighting for life after Ring Rd crash

Emergency service crews at the scene of a two-vehicle crash.

She sustained serious head injuries

Bridge that's built to last

OPEN ROAD: Work completed on Monto-Mount Perry Road bridge, with two lanes of traffic.

Monto-Mt Perry Road bridge works completed last Thursday.

Local Partners

Ben Stiller and Christine Taylor split after 17 years

BEN Stiller and his wife Christine Taylor have called it a day in a joint announcement.

Why The Voice hasn't produced a star

Boy George responds to Brittania Clifford-Pugh's heart-warming message.

It's the industry, not the show, says Boy George

These actors hated their movies and didn’t mind admitting it

Channing Tatum and Marlon Wayans in a scene from GI Joe: The Rise of Cobra.

Every year, Hollywood blesses us with plenty of God awful movies.

Miranda Kerr and fiance hang up backyard tent for wedding

The decorators and caterers are arriving for the final preparations for the wedding of Miranda Kerr and Evan Spiegel. Pictures: Splash

Evan Spiegel and Miranda Kerr are set to marry today

Book review: Mia Freedman's book meets her critics head on

I appreciated Freedman's blunt honesty in the book

Model Bella Hadid's see-through dress shocks in Cannes

US model Bella Hadid attends the Cinema Against AIDS amfAR gala 2017 held at the Hotel du Cap, Eden Roc in Cap d'Antibes, France, 25 May 2017.

It’s like she’s become addicted to shock value.

Man's amazing comeback from monster crisis

Pat O'Driscoll agents Penny Keating and Doug Webber sold 56 Agnes St, The Range at auction over the weekend.

NOT long ago, he sold his possessions to pay staff. Now he's back.

Report reveals progress on $319m airport upgrade

Aerials of the Sunshine Coast.Jetstar plane in front of the Susnhine Coast terminal, Sunshine Coast Airport.

Over two dozen government approvals needed for airport expansion

Lost dough leaves sour taste after company collapse

Kathleen and John Mahoney from Sugar and Spice Bakery were stung after the collapse of Cantro Pty Ltd and are still owed money.

Supermarket operator collapse leaves sour taste for bakery

Open for inspection homes May 25-31

Check out this weekend's homes open for inspection

How Toowoomba house prices compare in Australia

For sale sign in front of home.

Here's what $700,000 will buy you in Toowoomba, Brisbane and Sydney

Ready to SELL your property?

Post Your Ad Here!