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  1. JoeBlow
    1,190 Posts.
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    21/06/22
    17:43
    Post #: 62119484

    There's no Senate or upper house in QLD. Do whatever they want if they got the majority.

    It's a disgustingly heavy royalty tax. That's almost half of the sale price when above $300, also higher than corporate tax rate with less deductions against the expenses.

    https://www.qld.gov.au/about/how-government-works/legislation/how-laws-made

    Here's the rules on deductions etc:-

    https://www.treasury.qld.gov.au/resource/mra001/
    TER Price at posting: 55.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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