The problem is that the States (Crown) owns the minerals , oil & gas within their territories so the only position the Commonwealth can take is to levy a super profits tax (MRTT)
Offshore minerals, oil & gas are owned by the Commonwealth hence the PRRT which in effect is similar to State royalties on resources onshore.
IMO, this Abbott Government will direct the States to increase royalties to service growing States' debt with the threat of witholding GST payments if the States do not get their acts together.
It seems rather stupid to have different rates of State royalties from state to state.
Cheers moorookamick
PS I'll stop posting when I get rid of this flu and get back on my feet. MM
