Senate debates

Monday, 2 December 2019

Motions

Mining

4:15 pm

Photo of Katy GallagherKaty Gallagher (ACT, Australian Labor Party, Shadow Minister for Finance) Share this | Hansard source

Labor won't be supporting the Greens motion and does not accept the assertions in the wording of the motion. When the Queensland government announced the Resources Regional Development Framework in 2017 it was made clear that, when royalties are deferred under a Royalty Deferral and Repayment Agreement, they have to be repaid in full with interest and with security of payment in place. The precedent for a Royalty Deferral and Repayment Agreement was set in August this year, when New Century concluded an RDRA for its zinc mine in the north-west minerals province. The Queensland government and Adani mutually agreed to extend the target date for conclusion of a Royalty Deferral and Repayment Agreement for Adani's Carmichael mine in the Galilee Basin. Talks are continuing beyond the previously agreed time frame of 30 November. Adani has advised that the commencement of construction of the Carmichael mine is not dependent on the finalisation of the Resources Regional Development Framework negotiation.

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