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
Original article by Matt Chambers, Ben Butler, Charlie Peel
The Australian – Page: 24 : 30-May-18
BHP Billiton has secured a confidential out-of-court settlement with the Queensland Government over a $A329m coal royalties dispute that centred on the miner’s marketing hub in Singapore. The case had been slated to be heard by the Supreme Court in coming days, and the settlement will enable BHP to avoid disclosing details of the Singapore hub. BHP also faces legal action from the Australian Taxation Office over a disputed tax bill of $A87m. The case will be heard in the Federal Court in Melbourne on 31 May.
BHP BILLITON LIMITED – ASX BHP, SUPREME COURT OF QUEENSLAND, QUEENSLAND. TREASURY, AUSTRALIAN TAXATION OFFICE, FEDERAL COURT OF AUSTRALIA, MITSUBISHI CORPORATION, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, NEW SOUTH WALES. THE TREASURY, AUSTRALIA. ADMINISTRATIVE APPEALS TRIBUNAL
Original article by Mark Ludlow
The Australian Financial Review – Page: 5 : 15-Feb-18
Queensland’s Deputy Premier Jackie Trad says Adani’s proposed Carmichael coal mine would be entitled to defer royalty payments for four years if the project proceeds. The State Government approved the royalty scheme in May 2017, which will also apply to other resources projects in the Galilee Basin. Trad has rejected suggestions that Adani has been given a "royalty holiday", arguing that interest will be payable on the deferred payments. Meanwhile, the state’s Department of Environment & Science has rejected New Hope Group’s amended environmental authority for a proposed expansion of its New Acland coal mine.
ADANI MINING PTY LTD, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, QUEENSLAND. DEPT OF ENVIRONMENT AND SCIENCE, NEW HOPE CORPORATION LIMITED – ASX NHC, LAND COURT OF QUEENSLAND, QUEENSLAND. DEPT OF NATURAL RESOURCES AND MINES, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS