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/
There's no Senate or upper house in QLD. Do whatever they want...
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