The Minerals Council of Australia (MCA) has again urged the Victorian government to rethink its plans to apply a 2.75% gold royalty from 2020 onwards.
In its submission to the state government’s Regulatory Impact Statement on Imposing Royalties on Gold, the MCA said that while the industry did not oppose the introduction of a ‘carefully considered gold royalty that was fit for purpose’, the royalty being proposed was announced without consultation or warning.