Gas royalties will increase from 10 per cent to 12.5 percent from July 1st to raise $476 million over four years to plug revenue shortfalls elsewhere.
Opponents of Queensland's gas royalty hike have labelled the move a kick in the guts for the resources sector, but Treasurer Jackie Trad says it's time for the industry to pay more.
Treasurer Trad says the gas sector is established and growing at a rapid rate and now is the time for it to pay a bit more to the people of Queensland.