"Queensland has the highest coal royalties on the planet, and we are losing our lunch to Russia and Mongolia while our own government watches the pie shrink."

Andrew Boyd, CEO of QMetco, joins the show to sound the alarm on what he calls an "obscene" royalty regime. Despite the resources sector supporting one in five Queensland jobs and contributing $115 billion to the economy, a tiered tax system is now triggering a massive 40% hit on every dollar earned over $300 per tonne.