Queensland resource companies and their employees pay billions of dollars a year in taxes, charges and royalties to all three levels of government in Australia.
Taxes are paid to the Australian Government (principally through company income tax), to the Queensland Government (through payroll tax, rents, stamp duty and royalties), and to local councils through rates and infrastructure charges. Royalties are paid to Queensland, as the owner of the resource.
Taxes and royalties are spent by the three levels of governments on behalf of taxpayers across the entire community towards shared services such as health, education, police, community services and roads.
From the materials required to manufacture it, to the electricity needed when the wind dies down, energy derived from our natural resources plays a vital role in enabling today’s renewables.