Petroleum and Gas (Royalty) Regulation 2004
LegislationReferenced in 2 bills
Royalty Legislation Amendment Bill 2020
This bill changes how Queensland calculates petroleum royalties and modernises royalty administration for both petroleum and minerals. From 1 October 2020, petroleum royalty is based on production volume rather than the previous complex 'wellhead value' method, providing greater certainty for the coal seam gas and LNG industry.
16/7/2020· PASSED with amendment· Hon C Dick MP
Business & EconomyGovernment & Elections
2
Revenue and Other Legislation Amendment Bill 2019
This bill implements the 2019-20 Budget revenue measures, making significant changes to land tax, payroll tax, and petroleum royalties. It raises taxes on large landholders and foreign property owners while providing relief for small businesses, regional employers, and those who hire apprentices.
11/6/2019· PASSED· Hon J Trad
Business & EconomyRegional QueenslandGovernment & Elections