Premier Colin Barnett of Western Australia has ruled out a dramatic increase in royalty rates on miners to help the state regain its AAA credit rating.
Standard & Poor's downgraded the state government's credit ratings this week prompting Mr Barnett to call for an increase in the rate of the GST.
The ABC reports the state government started a review of the royalty rate last month with a deadline for submissions at the end of October.
But the premier said there are no plans to increase the basic rate.
"The review broadly is based on the principle that for state-owned resources the royalty should be 10%," Mr Barnett said. "Fair and reasonable, it's been that for a long time.
"Some of the royalties that apply in individual mineral products may be out of whack,'' he said, ''... but we're not going to increase the basic royalty rate."
