ANALYSIS: Twelve years after a Queensland Labor politician tried to impose a 40 per cent levy on coal super profits at a federal level, state Labor has grabbed for the same huge number.
has sent a shiver down the spine of mining industry veterans who fought the proposed resources super profits tax at the federal level.
Treasurer Cameron Dick has added three extra tiers to that system. The government will take 20 per cent for prices above $175 a tonne, 30 per cent for prices above $225 a tonne and 40 per cent for prices above $300 a tonne.For context, NSW coal miners will continue to face a maximum royalty rate of 8.2 per cent after the Perrottet government left royalties untouched on Tuesday.
That could be particularly true for some bespoke products such as Pulverised Coal Injection material, which are produced by Queensland miners including Stanmore.
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