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QLD Opposition Leader slams new mining ultimatum as ‘extortion’

The Queensland government has announced coalmining companies can either contribute to a new “voluntary” infrastructure fund or pay more in royalties.

Treasurer Jackie Trad says the fund would raise $70 million from the sector and there would be a freeze on royalty rates while the fund is in place.

The state is expected to earn $5.3 billion from mining royalties this financial year alone.

Opposition Leader Deb Frecklington tells Ray Hadley it is simply another tax imposed under the Labor government.

“I mean it really is quite simply extortion and it’s doing everything they can to shut down the resource industry in regional Queensland.

“Jackie Trad and Annastacia Palas­zczuk… they’ve obviously run out of money so they’re coming after yours.”

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