Original article by Jamie Walker, Sarah Elks
The Australian Financial Review – Page: 1 & 6 : 12-Jun-19
Queensland Treasurer Jackie Trad has defended the state government’s decision to increase the royalty on gas production from 10 per cent to 12.5 per cent, arguing that the state’s LNG royalty has been frozen for 10 years. She describes the increase as a "modest measure" given than some countries have LNG royalties of up to 30 per cent. The Budget measure has been criticised by Queensland Resources Council CEO Ian Macfarlane and former federal resources minister Martin Ferguson, who warn of the impact of the move on gas supply and prices.
QUEENSLAND. TREASURY, QUEENSLAND RESOURCES COUNCIL LIMITED, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, AUSTRALIAN LABOR PARTY, ACTU