Queensland’s treasurer has definitively stated the state government will not offer royalty holidays to incentivize major new mining projects. This decision, revealed in a pre-budget interview, signals a firm stance against reducing taxes for the coal industry. The government appears unwilling to adjust its royalty regime despite potential benefits to project development and job creation. This policy contrasts with calls from some in the resources sector for tax relief to encourage investment. The treasurer’s comments indicate no change is anticipated in the upcoming state budget regarding coal royalties. This stance reinforces the government’s commitment to revenue generation from its resources sector. The decision impacts potential investors considering large-scale mining operations in Queensland.