WA Treasurer Ben Wyatt Rules Out Hike To Gold Royalties Amid Record Prices

WA treasurer Ben Wyatt has ruled out a hike to gold royalties as the commodity's price surged to a record high, admitting he has learnt from a past attempt.

In 2017, miners and the State Government were locked in debate over a plan to increase royalties by 50 per cent, from 2.5 per cent an ounce to 3.75 per cent.

In a bid to improve their budget position, the State Government looked to capitalise on the State’s mineral royalty system but the plan was abandoned within the year following backlash by the mining sector.

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