News

Gladstone misses out because of royalties calculations

GLADSTONE provides $290,000 in resource royalties to the state's coffer despite the region's total contributions of $8.4 billion, but that's only because royalties are calculated at the well-head.

The State Government's Royalties for Regions - funding given back to the regions for infrastructure - is a sore point in Gladstone, and QRC chief Michael Roche said the city had every right to expect a strong flow of funds.

While State Development Minister Jeff Seeney counted the $12.7 million Gladstone Regional Council received in round two for the Kin Kora roundabout upgrade, which was part of a joint LNP deal to help the Federal LNP during the 2013 federal election, the other three projects his statement listed were not in our area (Yeppoon, North Burnett and Gracemere).

Mr Roche said eligibility should go to host communities such as those in the coal fields, the gas fields, and major processing and export centres such as Gladstone.

"The allocation has to be about assisting communities that are impacted through resource sector activities and Gladstone has clearly been one of those," he said.

"Gladstone's exports for coal account for $600 million worth of royalties, and looking to the future now that gas exports have started, that $600 million per year will start to flow."

Mr Seeney said the program was always about funding infrastructure that improved the liveability of regional communities.

Topics:  gladstone, gladstone regional council, jeff seeney, resources, royalties for regions



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