“Our position was never focused on coal royalties. It was never an issue. I’m not going to put the NSW budget revenue position before household budgets,” Perrottet said.
“I didn’t go to the discussions with the federal government as a way of extracting something. I wanted to discuss the federal government putting downward pressure on our families across NSW.”
NSW was expecting to generate about $3.6 billion in coal royalties this financial year,with government sources indicating the amount lost would be between $100 million and $200 million.
The Queensland government reportedly struck a deal with the federal government to receive indirect compensation as a result of coal royalty losses,which includes funding for new pumped hydro.
NSW parliament will need to be recalled to pass legislation to give the state government power to direct companies to cap coal prices.
However,Perrottet was on Monday unable to provide a timeline on when MPs will be recalled to parliament,which was not meant to resume until after the March 2023 state election.