The Minns Government will update NSW coal royalty rates to make sure the state earns a fair return for its resources under modern market conditions. The new scheme will see coal royalties increase by 2.6 percentage points from 1 July 2024. It will replace the emergency domestic coal cap and reservation measures the previous government introduced in December 2022. The changes will improve the state's budget position by more than $2.7 billion over the 4 years from 2024 to 2028. Coal royalties have not increased since January 2009.

https://www.miragenews.com/nsw-budget-repair-boosted-by-coal-royalties-1078438/

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