"All state and territory royalties will be creditable against the resources tax liability."
The opposition and the media can be absolved of blame for missing (this provision) because we weren't permitted to see the signed agreement until recently. The story behind that process is interesting. In the era of open and transparent government, the Prime Minister's Office repeatedly refused for five months to release the signed agreement publicly. That is, until at a Senate hearing on December 8 a BHP spokesman explicitly told senators the PMO had requested they don't make the document public: 30 minutes later a staffer brought the signed agreement to the hearing for senators to take a look. Caught out, I believe, is the appropriate terminology.