IRON ORE ROYALTY REVENUE
322. Hon Dr STEVE THOMAS to the minister representing the
Treasurer:
I note that it is a Thursday, so I expect
a performance!
I refer to the rivers of cash
flowing into the government's coffers thanks to the 2019–22
iron ore price boom.
(1) What is the current spot price
of iron ore as measured by Treasury?
(2) What was the
average price of iron ore to date for the 2021–22 financial year to the
end of the third quarter at 31 March 2022?
(3) What is the
iron ore royalty income to date for the 2021–22 financial year to the
end of the third quarter at 31 March 2022?
(4) How much GST
revenue has the state received in the 2021–22 financial year to the end
of the third quarter at 31 March 2022?
(5) How much
taxation revenue has the state received in the 2021–22 financial year
to the end of the third quarter at 31 March 2022?
Hon
STEPHEN DAWSON replied:
I
thank Hon Dr Steve Thomas for some notice of the question. The following
answer has been provided by the Treasurer.
(1) It is $US160.10 a tonne.
(2) It was $US138.30 a tonne.
(3)–(5) This
information is published in the Quarterly financial results report,
released within 60 days of the end of each quarter.