Treasurer Cameron Dick all smiles as coal fight results in billions flowing into Queensland’s budget

Labor’s voter-pleasing cost-of-living handouts, new housing and health funding have now been linked to increasing royalties on mining profits

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A year ago, common logic suggested the Queensland government was taking a huge political risk by increasing royalties on record-high coal prices, and picking a fight with the cashed-up mining sector.

Plans to increase taxes on the miners have been historically fraught. Meanwhile, the wounds inflicted on Labor by the Adani saga still feel fresh.

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