Queensland budget

2013 Budget – Changes affecting the mining sector

The Federal Government’s 2013-2014 Budget (the Budget) contains a number of changes to existing tax rules some of which are expected to have adverse implications on the mining sector. Changes to accelerated tax depreciation arrangements The Federal Government announced immediate … Continue reading

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Filed under federal budget 2013, Mining, Mining Infrastructure, Mining Tax, Queensland, Queensland budget, Tax

Coal industry uproar over State budget’s increase in mining royalties

The LNP Government’s first State budget has caused a stir in the Queensland coal industry after last week announcing an increase in mining royalties of up to 50 per cent per tonne, to commence 1 October this year. In an … Continue reading

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Filed under Coal, Mineral Resources Rent Tax, Mining, Queensland, Queensland budget, Resources