BHP Warns Queensland Royalty System | Adelaide News

BHP’s CEO is sounding the alarm on Queensland’s sliding royalty scale, warning it can push the effective tax rate on coal to a staggering 67% when prices spike — making long-term investment untenable. This comes after last year’s job cuts of 750 roles, all tied to the same tax structure. Yet, he insists the Queensland coal business remains “exceptional” and its best days are ahead — no plans to sell out. Despite paying nearly $46 billion to Australia’s economy last year, including over $9 billion in royalties and taxes to Queensland, BHP is locked in a high-stakes balancing act: pushing for tax reform while staying put in a vital resource hub.

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