Talk:QR National

http://media.corporate-ir.net/media_files/irol/23/235329/share_offer_document.pdf QR National, Share Offer Document October 201 page 118

Demand for QR National’s rail freight business is dependent on demand for coal, and, to a lesser extent, other commodities. In the event of a change in legislation or policy in any of the major markets for coal, which is designed to reduce greenhouse gas emissions, the demand for coal, especially thermal coal, may diminish. Additionally, if the Australian Government were to introduce a carbon or other similar tax which resulted in an increase in the price of Australian coal, that may make Australian coal less competitive on global markets and therefore reduce demand for Australian coal.