Fairer coal royalties are driving greater investment in local health infrastructure
Fairer Coal Royalties Deliver for Mackay
Central Queenslanders are benefiting from higher coal royalties, with a big investment in local health infrastructure and support for local workers and families, as well as opportunities for businesses.
In 2022, the Queensland Government began charging coal mine owners – many of whom are large multinational companies a fair rate of royalties on huge profits.
The rate of royalties rises and falls with coal prices, so that when companies benefit from high prices, so do Queenslanders.
This is not only fair – Queenslanders are the ultimate owners of this coal and we should benefit from it – it’s also good for our community. And remember, these fairer royalties don’t kick in unless the coal price is above $175 a tonne, well above the cost of producing and transporting coal.
I’m very proud of the track record of government investment in Mackay since I was elected in 2015 – the Queensland government spends 50% more on a per capita basis here than it does in the southeast.
Fairer Royalties Drive Higher Local Investment
Now our fairer share of coal royalties is driving increased local investment, including important projects like:
- $250 million expansion of the Mackay Base Hospital – including a new wing and 128 additional beds
- New multi storey car park featuring 1,000 new carparks at Mackay Base Hospital
- The $31.5 million new Sarina Hospital at Brewers Road – State-of-the-art hospital which means Sarina locals will get care closer to home, and takes pressure off Mackay Base
- The New Moranbah hospital – brand new modern hospital with a bigger emergency department, upgraded helipad and better facilities due for completion 2024/25.
The fairer share of royalties is also driving benefits for local workers and families. From next year, we’ve made Kindy free. That means local kids can attend the 15 hour a week Kindy program at no cost to their parents – a saving of up to $4,800 a year.
This is a huge investment that will allow more children to access Kindy and will take the pressure off families during a cost of living crisis.
We also made TAFE free in a wide range of areas this year so that locals can fill the jobs available in our region and build careers locally.
There will be plenty more to come in 2024 – a fairer share of royalties means all Queenslanders benefit.
Find out more about My Plan for Mackay.