#RisingTide #ClimateCrisis #CostTaxpayer #LowStateRevenue
🚨⏰
The Australia Institute -
The people of Australia collectively own all the resources under the ground. This means that the coal in NSW is the property of the Australian people too.
Because of this, mining companies have to pay the NSW Government a “royalty” if they want to dig up and sell coal.
Royalties are not taxes. They are a payment for a resource. Just like a builder has to pay for the bricks used to make a house and pay tax when they sell the house, mining companies have to pay royalties for coal and then pay tax once they sell it.
If NSW were a country, it would be the third-largest exporter of coal in the world, smaller only than Queensland and Indonesia. With all that coal production, the mining industry and politicians frequently claim that coal royalties are large enough pay for services like schools, hospitals, teachers and nurses.
Here’s one quote from former NSW Deputy Premier John Barilaro:
“[Coal] is the state’s largest export commodity, and is a major source of revenue, which the NSW Government uses to help fund essential services and infrastructure such as schools, hospitals, roads and transport.”
But do royalties really fund all these things?
The short answer is no.
https://australiainstitute.org.au/post/coal-royalties-are-a-tiny-part-of-the-nsw-budget/?utm_source=chatgpt.com
#NewcastleNSW
Mazz@1984
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2025-12-11 17:38:37 UTC
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2025-12-11 17:38:37 UTCEvent JSON
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"content": "#RisingTide #ClimateCrisis #CostTaxpayer #LowStateRevenue\n🚨⏰ \nThe Australia Institute -\nThe people of Australia collectively own all the resources under the ground. This means that the coal in NSW is the property of the Australian people too.\n\nBecause of this, mining companies have to pay the NSW Government a “royalty” if they want to dig up and sell coal.\n\nRoyalties are not taxes. They are a payment for a resource. Just like a builder has to pay for the bricks used to make a house and pay tax when they sell the house, mining companies have to pay royalties for coal and then pay tax once they sell it.\n\nIf NSW were a country, it would be the third-largest exporter of coal in the world, smaller only than Queensland and Indonesia. With all that coal production, the mining industry and politicians frequently claim that coal royalties are large enough pay for services like schools, hospitals, teachers and nurses.\n\nHere’s one quote from former NSW Deputy Premier John Barilaro:\n\n“[Coal] is the state’s largest export commodity, and is a major source of revenue, which the NSW Government uses to help fund essential services and infrastructure such as schools, hospitals, roads and transport.”\n\nBut do royalties really fund all these things?\n\nThe short answer is no.\n\nhttps://australiainstitute.org.au/post/coal-royalties-are-a-tiny-part-of-the-nsw-budget/?utm_source=chatgpt.com\n\n#NewcastleNSW",
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