Labor’s gold royalty hike dumped


THE State Government’s gold royalty hike has officially been dumped by the Upper House this afternoon. 

After three days of debate, Liberal MPs joined National and crossbench members to disallow the controversial revenue measure 17 votes to 16.

Nationals Upper House leader Jacqui Boydell said the government should have shown “intestinal fortitude” in canvassing the whole resources industry, including iron ore miners, in seeking budget repair measures.

The result means there is now a $392 million shortfall in Labor’s first budget, and Premier Mark McGowan has flagged all measures, including a bank levy, are on the table to fix the issue.

Treasurer Ben Wyatt announced the royalty hike as part of his budget last month, and has stood by it since, saying all parts of the community needed to contribute to budget repair, including gold miners.

The decision comes after a turbulent week for the issue, with Liberals resolving after a party room meeting on Tuesday to back gold miners calls to dump the measure and a rally of hundreds of gold miners on the steps of Parliament.

A ReachTel poll found 60 per cent of voters supported the move.

The focus will now turn on a payroll tax measure, set to be introduced to Parliament next week, which will raise $435 million over four years.

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