Foreign Purchasers: Transfer Duty Increase

Posted on 19 October 2016

After many months of lobbying for the Queensland Government to withdraw their newly introduced transfer duty surcharge on foreign investment, the property industry has lost their battle. "As announced in the State Budget 2016-17, additional duty of 3% will apply to acquisitions of residential land by foreign persons (including companies and trusts) from 1 October 2016." - Queensland Government

What does this mean for foreign investors?
For an investment property wi...

Drones being introduced to monitor gas wells

Posted on 27 July 2016
Source:  Beef Central The world's first commercial use of beyond-line-of-sight drones has been achieved in inland Queensland to monitor natural gas wells and associated infrastructure on grazing properties. The partnership between Shell's Queensland Gas Company project and Boeing has seen well inspections successfully conducted by remotely piloted aircraft systems (RPAS), replacing the need for inspections on the ground by four-wheel-drive. A QGC statement said the...

Qld CSG industry is a great Australian success story

Posted on 14 July 2016
Source:  APPEA Statement from APPEA Chief Executive Dr Malcolm Roberts The CSG industry is not just an economic success, creating thousands of jobs and billions in exports.  It is also a successful example of developing a new industry alongside established rural industries. While sudden changes can create tensions and even conflict, the overwhelming fact is that the growth of the CSG industry has been achieved through co-operation and compromise between the industry, lan...

Gas Industry Snapshot 2010-2015: CSG Infrastructure

Posted on 30 June 2016
Source:  GasFields Commission Queensland Background  
In the early days, Queensland's coal seam gas (CSG) industry serviced residential and industrial customers, as well as electricity generation plants through the existing gas pipeline network. The small size of the local market constrained the scope and nature of CSG production activities.
By 2010/11, gas field development in the Surat and Bowen Basins was expanded to accommodat...

Gas Industry Snapshot 2010-2015: Landholders

Posted on 30 June 2016
Source:  GasFields Commission Queensland Background In Queensland, when the State Government issues a petroleum tenure, it also grants the right to enter private or State land to explore for, or produce, petroleum and gas. In exercising that right, the tenure holder has certain obligations towards the landholder in relation to land access. These obligations are contained within Queensland's Land Access Policy Framework, which incl...