The Queensland Treasury Annual Report 2020-21 is an integral part of our corporate governance framework and one of the main tools we use to ensure we are accountable to the Queensland Parliament and the community about our activities.
These annual financial statement requirements include the Minimum Reporting Requirements and assist agencies in the preparation of their financial statements. The requirements provide updates on new and revised accounting policies and standards and additional guidance and advice on the application of such policies and standards.
The Treasurer and Minister for Investment, the Honourable Cameron Dick MP, tabled the 2021-22 Queensland Budget in Parliament on Tuesday 15 June 2021.
Our Queensland Treasury Strategic Plan 2021-2025 outlines how we will achieve our vision of a strong economy for all Queenslanders. It reflects our purpose to drive government priorities through our expert advice and services. Our objectives aim to grow the Queensland economy and create jobs, deliver fiscal sustainability, equip our workforce for the future and drive public sector reform.
Swap arrangements entered into by a producer or a reseller of the producer may be relevant for determining the classification of gas and average sales price for petroleum. This position paper provides the Commissioner of State Revenue’s determination under section 54 of the Petroleum and Gas (Royalty) Regulation 2021 about how part 2 of the Regulation applies to swap arrangements for petroleum royalty purposes from 1 September 2021.
See also the position paper for swap arrangements for 1 October 2020 to 31 August 2021.
This paper explains the classification of liable petroleum as liquid petroleum, project gas, supply gas or domestic gas for the purpose of determining petroleum royalty liability.
This paper provides guidance on how to determine the royalty rate for each petroleum type using the formula method or the benchmark price method.
This paper explains the measurement of volumes of petroleum for determining petroleum royalty.
Swap arrangements entered into by a producer may be relevant for determining the classification of gas and average sales price for petroleum. This position paper provides the Commissioner of State Revenue’s determination under section 149 of the Petroleum and Gas (Royalty) Regulation 2004 about how chapter 6 of the Regulation applies to swap arrangements for petroleum royalty purposes from 1 October 2020 to 31 August 2021.