Industry and analysts predict budget measure could provide billions in additional revenue
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Queensland’s rewriting of royalty rules could tip billions of dollars more into its coffers this coming year, with an analyst saying it’s a missed opportunity for New South Wales that is still open to other states and the commonwealth to mimic.
The Queensland budget this week imposed three trigger points for higher mining royalties, which the Queensland Resources Council (QRC) predicts will deliver an extra $15bn in 2022-23.