Posts tagged ‘Tim Pallas’
Victorian Coal royalties increase in State Budget
Loy Yang A and B power stations
The Andrews Government will increase coal royalties in the 2015/16 budget to approximately match the rate levied in New South Wales, Queensland and Western Australia. This should be welcomed.
The rate will increase three fold from January 1st 2017 and is estimated to raise $252 million over the forward estimates over the next 4 years.
This will prove useful for helping to fund the health support for the LaTrobe Valley, as well as health and education expenditure for the state. $51.2 million was promised in the state budget to implement the recommendations of the Mine Fire Inquiry and improving health outcomes for the Valley.
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