Queensland Government Commits to Permanent Coal Super Tax

‘A regulation may not prescribe a coal rate that is lower than the coal rate in effect immediately before the commencement of the regulation.’

A general view of the coal-powered Gladstone Power Station in Queensland, Australia, on March 23, 2016. AAP Image/Dan Peled

The Queensland government will continue to collect billions of dollars from coal companies in the years to come by making the massive tax on coal profits permanent.

This move comes in response to Queensland’s spiralling debt, which is expected to reach more than $180 billion (US$118 billion) by 2027, up from the current $109.8 billion.