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Proposed WA Royalty Increase Blocked in Parliament
A plan to increase the royalty on gold produced in Western Australia, announced in early August by the state's Labor government, was voted down in the Western Australia Parliament on October 10 by a coalition of the opposition Liberal party and several minority parties. The government had planned to raise gold royalties from 2.5% to 3.75% from January 2018 in an attempt to raise almost A$400 million for use in curtailing the state's debt, which, according to a report in WAtoday, is expected to peak at around A$43.8 billion by 2020.
Proposed WA Royalty Increase Blocked in Parliament
A plan to increase the royalty on gold produced in Western Australia, announced in early August by the state's Labor government, was voted down in the Western Australia Parliament on October 10 by a coalition of the opposition Liberal party and several minority parties. The government had planned to raise gold royalties from 2.5% to 3.75% from January 2018 in an attempt to raise almost A$400 million for use in curtailing the state's debt, which, according to a report in WAtoday, is expected to peak at around A$43.8 billion by 2020.
Proposed WA Royalty Increase Blocked in Parliament
2017
Article (Journal)
English
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