The mining industry has successfully headed off a 50 per cent increase to the gold royalty rate in Western Australia, leaving the state government with a $392 million budget black hole.
The WA Liberal Party voted unanimously on Tuesday to block the budget measure in the Upper House, providing enough support, along with the Nationals and crossbench, to kill off the hike.
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Tess Ingram was a journalist with WAtoday. Before that, she was a reporter in The Australian Financial Review’s Perth bureau, covering business, economics and politics. Connect with Tess on Twitter.
