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Re: QR going national?
- Subject: Re: QR going national?
- From: "Barry Campbell" <campblbm@ozemail.com.au>
- Date: Mon, 4 Oct 1999 22:21:51 +1000
- Distribution: world
- Newsgroups: aus.rail
- Organization: OzEmail Ltd, Australia
- References: <37ddf59e.0@news.topend.com.au> <38010cc7.3712187@news.ozemail.com.au> <37E0F9AF.B551E566@ozemail.com.au> <37faabc4.6669329@news.ozemail.com.au> <0vkE3.16148$1E2.118397@ozemail.com.au> <38207b59.4006841@news.ozemail.com.au> <938412496.17614@diddley.primus.com.au> <380187a1.2986504@news.ozemail.com.au> <938479537.291137@diddley.primus.com.au> <38032ee2.2140608@news.ozemail.com.au> <938581943.578005@diddley.primus.com.au> <37F388A8.CE0DD553@do.not.spam.me> <938753565.640412@diddley.primus.com.au> <37F6B3E7.3C07D78B@do.not.spam.me> <37f88726.0@news.topend.com.au>
John McCandless wrote in message <37f88726.0@news.topend.com.au>...
>I recall a few years ago [during one of QR's "Big Picture" presentations to
>it's employees - we've had a few of them :-)] that the government was
>shortly going to start putting it's hand out for the royalties, which would
>go into consolidated revenue, instead of QR getting it. I don't know (coal
>not being my area) whether the government is doing that yet, but the bottom
>line is that sooner or later, QR will no longer get to keep any coal
>royalties (again, open to correction).
>
>From my reading of last year's QR annual report this is now happenning.
OTOH, QR gets very large community service obligation payments from the govt
to run unprofitable services which IIRC is everything other than coal and
minerals.
Barry Campbell