The point of my post was not what I think they "Should do" it was what i think they "Will do". The first rule of modern politics is to make sure you secure a second term, with that in mind I don't think they will do much in the way of reform, other than being harder on youth crime (easy to do) and trying to fix housing (No idea how they will achieve this).
As of yet they have not laid out any plan for mining/coal royalties that I can see. I'm very happy to be corrected on this, so if anyone has more concrete information please share it.
Additionally, miners have to think about investment in terms of decades, not every 4 years when a term comes up. The fact that QLD has set coal royalty taxes as a baseline outcome, makes QLD more or less uninvestible in my view. Will take a lot time and damage to be done to the State before miners could feel reasonably confident the pendulum wont shift again.
WHC Price at posting:
$6.74 Sentiment: None Disclosure: Held
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