Australia's Future Tax System

Architecture of Australia's tax and transfer system

2.11 Additional tax and transfer tables (continued)

Table 2.19: State and Territory mineral resources revenue

  NSW VIC QLD WA SA TAS NT
2006‑07 revenue

$489m

$40m

$1,361m

$1,484m(1)

$145m

$34m

$81m

Coal (all types)

Open cut coal 7% of the ex mine value, underground coal 6% of the ex mine value and deep underground coal (coal greater than 400m), 5% of the ex mine value.

From the Minerals Resources Development Act 1990, as of 1 January 2006, derived by multiplying $0.0588 per gigajoule of energy by [A B]: where A is consumer price index number for the quarter ending on 30 June immediately preceding the financial year for which the determined amount is being calculated; and B is consumer price index number for the financial year ending on 30 June 2005.

The royalty rate equals 7% plus ((Average Price — 100)/Average Price x 3%). For example, if the coal price is A$150, the rate is 8%, at A$200 the rate is 8.5%.

Export — 7.50% free on board value.

Non export — $2.54/tonne escalated annually.

Derived by multiplying $0.0270 per gigajoule of energy by [A B]: where A is consumer price index in respect of relevant quarter; and B is consumer price index in respect of the quarter ending 30 June 2000.

Profits based royalty. (mine gate)(2)

1.6% on net sales plus profit component (1.6% only where net sales less than $100,000 p.a.)

Maximum royalty limited to 5% of net sales.

Coal is classed as a mineral and royalty on all minerals is subject to the Mineral Royalty Act (MRA).

The Act sets a profit based royalty at 18% of the 'Net Royalty Value' (if Net Royalty Value exceeds $50,000) under the MRA.

Crude oil, petroleum, condensate, LPG & LNG

10% based on the net well head value. The net well head value is generally determined by deducting allowable costs from the point that a market value can be independently established for the petroleum product (usually the point of sale) back to the well head.

NSW has a royalty holiday for the first 5 years. The royalty rate is 6% in the 6th year of production and increases by 1% each subsequent year.

Geothermal        

2.5% of the net wellhead value.

   
Iron Ore‑Iron Stone

4% of ex mine value (mine mouth).

2.75% of net market value

(No production)

2.7% of value. Rate applies to the revenue base less statutory exemption of $100,000 per annum (3). Discount of 20% applies when processed in the State to 95% contained metal.

Lump export — 7.5% free on board, fine export — 5.625%, beneficiated — 5.0% (a number of different rates are also contained in various State Agreement Acts for specific projects).

Minimum $1.10/tonne plus agreed adjustments delivered to steelworks ('BHP Indenture Act').

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Gold & Silver

4% of ex mine value (mine mouth).

Gold — nil

Silver —nil, if silver is a product of the gold recovery process, otherwise 2.75% of net market value.

Fixed rate of 2.7% or variable ad valorem rate (1.5%‑4.5%) as advised by Department each quarter applied to payable metal value (4). Rate applies to the revenue base less statutory exemption of $100,000 per annum.

Gold — 2.5% of royalty value (5)

Silver — 2.5% of royalty value.

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For gold, mines in existence prior to 1 January 2006, $0.42/gram until 31 December 2008.

For Olympic Dam under the Roxby Downs Indenture Act, a surplus royalty may be applicable as per the Mining Act 3.5% of market value, ex lease.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Copper

4% of value (mine mouth).

2.75% of net market value.

Fixed rate of 2.7% or variable ad valorem rate (1.5%‑4.5%) as advised by Department each quarter applied to payable metal value. Rate applies to the revenue base less $100,000 per annum. Discount of 20% applies when processed in the State to 95 % contained metal.

5% of royalty value for concentrates, 2.5% for metallic copper (for copper sold as nickel by product 2.5% of copper metal value).

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

For Olympic Dam under the Roxby Downs Indenture Act, as per the Mining Act 3.5% of market value, ex lease.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Lead/Zinc

4% of ex mine value (mine mouth).

2.75% of net market value

(No production)

As for copper except processing discounts are 25% for lead and 35% for zinc.

5% of royalty value for concentrates, 2.5% for metallic form.

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Bauxite/Alumina

$0.35/tonne ‑bauxite

Alumina is not defined as a mineral in NSW.

2.75% of net market value.

(No production)

For bauxite mined for consumption outside the State royalty is:

a) 10% of value, or

b) $2 per tonne, whichever is the higher

The royalty rate per tonne payable on bauxite mined for consumption within the State is 75% of the amount per tonne worked out under the above provisions or $1.50 per tonne, whichever is the greater.

Bauxite — 7.5% of value (alumina — 1.65% of value — rate specified in several State Agreement Acts).

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value', except for Gove project where a special historical arrangement exists.

Silica

Silica is not defined as a mineral in NSW.

$1.43 per cubic metre.

$0.90 per tonne (when used for its chemical properties).

$0.56/tonne from 1 July 2005 moving in equal increments to $0.80/tonne on 1 July 2009 (from 1 July 2010 subject to five yearly reviews in accordance with increases in ABS Non‑Metallic Mineral Products Price Index).

Industrial 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $0.14/tonne until 31 December 2008.

Extractive minerals $0.35/tonne.

Metallurgical, greater of $1.20 tonne or 5% of value, other uses $0.60/tonne.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

 

  NSW VIC QLD WA SA TAS NT
Nickel

4% of ex mine value (mine mouth).

2.75% of net market value.

(No production)

Fixed rate of 2.7% or variable ad valorem rate (1.5%‑4.5%) as advised by Department each quarter applied to payable metal value. Rate applies to the revenue base less $100,000 per annum. Discount of 20% applies when processed in the State to 70% contained metal.

2.5% of value of contained nickel.

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Mineral Sands(6)

4% of ex mine value (mine mouth).

2.75% of net market value.

5% of the value of the concentrate.

4.5% of royalty value. Currently 5% of royalty value for 2008‑09.

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Kaolin

$0.70/tonne (mine mouth).

2.75% of net market value.

$1.00/tonne.

5% of royalty value(7).

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years For mines in existence prior to 1 January 2006, $0.28/tonne until 31 December 2008.

$1.20/tonne (mine gate).

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Limestone‑Lime Earth(8)

$0.35/tonne (Agricultural lime)

$0.40/tonne Limestone

$1.43 per cubic metre.

Limestone (when used for its chemical properties) — $0.75/tonne. Lime, earth — $0.50/tonne.

Limestone (including limesands and shellsands) used for agricultural or construction purposes or as a neutralising agent.

$0.34 per tonne from 1 July 2005 moving in equal increments to $0.50/tonne on 1 July 2009.

Limestone (including limesands and shellsands) used for metallurgical purposes $0.56 per tonne from 1 July 2005 moving in equal increments to $0.80/tonne on 1 July 2009.

Industrial

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

For mines in existence prior to 1 January 2006, $0.28/tonne (1st grade) $0.14/tonne (2nd grade) until 31 December 2008.

Extractive minerals $0.35/tonne.

Chemical and metallurgical: $1.20/tonne. Other Uses: $0.60/tonne (mine gate).

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value', if the material is used as a mineral and not as an 'extractive' mineral product.

Salt

4% of ex mine value (mine mouth) — Magnesium Salts.

$0.40/tonne — Sodium Salts and Potassium Salts.

It is outside the scope of mineral, extractive and the petroleum legislations in Victoria.

$1.50/tonne

$0.34/tonne from 1 July 2005 moving in equal increments to $0.50/tonne on 1 July 2009 (from 1 July 2010 subject to five yearly reviews in accordance with increases in ABS Non‑Metallic Mineral Products Price Index).

(A number of different rates are also contained in various State Agreement Acts for specific projects.).

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $0.28/tonne until 31 December 2008.

Certain existing operations pay royalty under State or Crown Agreements.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Gemstone

4% of ex mine value (mine mouth).

2.75% of net market value.

(No production)

2.5% of value after deducting $100,000.

7.5% of royalty value.

Currently not applicable but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value', unless produced by recreational fossicking which is exempt.

Magnetite

4% of ex mine value (mine mouth).

2.75% of net market value.

(No production)

Same as for iron ore.

N/A

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. OneSteel Whyalla, minimum $1.10/tonne plus agreed adjustments delivered to steelworks ('BHP Indenture Act').

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Bentonite

$0.70/tonne (mine mouth).

2.75% of net market value.

(No production)

$1.80/tonne

N/A

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Exempt from Act.

 

  NSW VIC QLD WA SA TAS NT
Clay(9)

$0.35/tonne — Structural, Brick and Pipe Clay

$0.35/tonne — Bloating Clay

$0.70/tonne — Fire and Pottery Clay

Fine clay 2.75% of net market value.

Building clay $1.43 per cubic metre.

Clay used for fired clay products — $0.50/tonne.

$0.34/tonne from 1 July 2005 moving in equal increments to $0.50/tonne on 1 July 2009 (from 1 July 2010 subject to five yearly reviews in accordance with increases in ABS Non‑Metallic Mineral Products Price Index).

Industrial 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $0.28/tonne (1st grade) $0.14/tonne (2nd grade) until 31 December 2008. Extractive $0.35/tonne.

$1.20/tonne (mine gate).

Exempt from Act.

Tin Concentrate

4% of ex mine value (mine mouth).

2.75% of net market value.

(No production)

As for 'miscellaneous' — 2.5% of value after deducting $100,000.

2.5% of royalty value of tin metal (or 2.5% of contained tin metal value).

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Dolomite

$0.40/tonne (mine mouth).

2.75% of net market value.

(No production)

$1.00/tonne.

$0.34/tonne from 1 July 2005 moving in equal increments to $0.50/tonne on 1 July 2009 (from 1 July 2010 subject to five yearly reviews in accordance with increases in ABS Non‑Metallic Mineral Products Price Index).

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $0.35/tonne (1st grade) $0.18/tonne (2nd grade) until 31 December 2008.

Chemical and metallurgical: $1.20/tonne, other uses $0.60/tonne (mine gate).

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value', if the material is used as a mineral and not as an 'extractive' mineral product.

Diatomite

$0.70/tonne (mine mouth).

$1.43 per cubic metre.

(No production)

$1.50/tonne.

N/A

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Exempt from Act.

Perlite

$0.70/tonne (mine mouth).

2.75% of net market value.

(No production)

$1.00/tonne.

N/A

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Exempt from Act.

Peat

$0.70/tonne (mine mouth).

2.75% of net market value.

As for 'miscellaneous' — 2.5% of value after deducting $100,000.

Nil

N/A under the Mining Act.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Phosphate

$0.70/tonne (mine mouth).

2.75% of net market value.

(No production)

Phosphate rock royalty formula per tonne of phosphate rock:Equation: $1 multiplied by (G divided by 32.3) multiplied by (Pcurr divided by $72.50)

Where:

G is the average P2O5 content of the rock for the period.

Pcurr is the average price in $A of Moroccan phosphate rock with 32.3% P2O5 content.

Minimum rate is $0.80 per tonne.

Other phosphatic minerals — as for 'miscellaneous' — 2.5% of value after deducting $100,000.

N/A

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $0.14/tonne until 31 December 2008.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Magnesite

$0.70/tonne (mine mouth).

2.75% of net market value.

(No production)

$1.50/tonne.

N/A

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $0.28/tonne until 31 December 2008.

As for silica.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Tungsten

4% of ex mine value (mine mouth).

2.75% of net market value.

(No production)

2.7% of value after deducting $100,000. Discount of 20% applies when processed in the State to 89% contained metal.

N/A

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Marble(10)

$0.70/tonne (mine mouth).

$8.07 per cubic metre as dimension stone.

$1.00/tonne.

$0.56 per tonne from 1 July 2005 moving in equal increments to $0.80/tonne on 1 July 2009 (from 1 July 2010 subject to five yearly reviews in accordance with increases in ABS Non‑Metallic Mineral Products Price Index).

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $0.28/tonne (1st grade) $0.14/tonne (2nd grade) until 31 December 2008.

As for coal.

Exempt from Act.

Chromite

4% of ex mine value (mine mouth).

2.75% of net market value.

(No production)

As for 'miscellaneous' — 2.5% of value after deducting $100,000.

5% of royalty value (7).

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

 

  NSW VIC QLD WA SA TAS NT
Granite/Sandstone

$0.70/tonne — Dimension Stone.

$1.43 per cubic metre(11).

$1.00/tonne (rock mined in block or slab form for building or monumental purposes).

$0.56 per tonne from 1 July 2005 moving in equal increments to $0.80/tonne on 1 July 2009 (from 1 July 2010 subject to five yearly reviews in accordance with increases in ABS Non‑Metallic Mineral Products Price Index).

Dimension Stone

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $1.75/cubic metre $0.58/tonne until 31 December 2008.

Extractive minerals $0.35/tonne.

Building stone — $5/cu.m. (mine gate).

Exempt from Act.

Calcite

$0.40/tonne (mine mouth).

$1.43 per cubic metre(11).

$1.00/tonne.

N/A

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value', if the material is used as a mineral and not as an 'extractive' mineral product.

Serpentine

$0.70/tonne (mine mouth).

$1.43 per cubic metre(11).

As for 'miscellaneous' — 2.5% of value after deducting $100,000.

N/A.

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Exempt from Act.

Cobalt

4% of ex mine value (mine mouth).

2.75% of net market value.

(No production)

Fixed rate of 2.7% or variable ad valorem rate (1.5%‑4.5%) as advised by Department each quarter applied to payable metal value. Rate applies to the revenue base less $100,000 per annum. Discount of 20% applies when processed in the State to 50% contained metal.

2.5% of royalty value in metallic form, 5% in concentrate form (for cobalt sold as nickel by‑product 2.5% of cobalt metal value).

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Gypsum

$0.35/tonne (mine mouth).

2.75% of net market value.

$0.50/tonne.

$0.34 per tonne from 1 July 2005 moving in equal increments to $0.50/tonne on 1 July 2009 (from 1 July 2010 subject to five yearly reviews in accordance with increases in ABS Non‑Metallic Mineral Products Price Index).

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $0.28/tonne (1‑3 grade) $0.14/tonne (4‑8 grade) until 31 December 2008.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value', if the material is used as a mineral and not as an 'extractive' mineral product.

Manganese Ore

4% of ex‑mine value (mine mouth).

2.75% of net market value.

(No production)

2.7% of value after deducting $100,000. Discount of 35% applies when processed in the State to 75% contained metal.

Ore — 7.5% of royalty value Concentrate — 5% of royalty value.

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Platinoids

4% of ex mine value (mine mouth).

2.75% of net market value.

(No production)

As for 'miscellaneous' — 2.5% of value after deducting $100,000.

2.5% of royalty value for metals.

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Construction Materials(16)

Various (mine mouth).

$1.43 per cubic metre.

$0.50/tonne (only if used on mining lease).

Rock — $0.34 per tonne from 1 July 2005 moving in equal increments to $0.50/tonne on 1 July 2009 (from 1 July 2010 subject to five yearly reviews in accordance with increases in ABS Non‑Metallic Mineral Products Price Index).

Extractive minerals $0.35/tonne.

Building stone $5/m3 Gravel $0.60/tonne Pebbles $2.40/tonne Stone crushed and broken $0.60/tonne (mine gate).

Exempt from Act.

Quartzite

$0.70/tonne (mine mouth).

$1.43 per cubic metre(11).

As for 'miscellaneous' — 2.5% of value after deducting $100,000.

N/A

Extractive minerals $0.35/tonne.

As for coal.

Exempt from Act.

Diamonds

4% of ex‑mine value (mine mouth).

2.75% of net market value.

(No production)

2.5% of value after deducting $100,000.

7.5% of realised value. (For Ellendale project — 7.5% free on board or 22.5% of accounting profit if greater ) (For Argyle project — from 1 January 2006, a flat royalty rate of 5% of gross revenue).

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Spodumeme

Spodumene is not defined as a mineral in NSW.

2.75% of net market value.

(No production)

As for 'miscellaneous' — 2.5% of value after deducting $100,000.

5% of royalty value(7).

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

 

  NSW VIC QLD WA SA TAS NT
Talc

$0.70/tonne (mine mouth).

2.75% of net market value.

(No production)

As for 'miscellaneous' — 2.5% of value after deducting $100,000.

$0.56 per tonne from 1 July 2005 moving in equal increments to $0.80/tonne on 1 July 2009 (from 1 July 2010, subject to five yearly reviews in accordance with increases in ABS Non‑Metallic Mineral Products Price Index).

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For mines in existence prior to 1 January 2006, $0.70/tonne (1st grade) $0.35/tonne (2nd grade) until 31 December 2008.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Tantalum

4% of ex mine value (mine mouth).

2.75% of net market value.

(No production)

2.7% of value after deducting $100,000. Discount of 35% applies when processed in the State to 95% contained metal.

5% of royalty value for concentrates (or 5% of the value in concentrate form if processed further before sale).

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Pyrophyllite

$0.70/tonne (mine mouth).

2.75% of net market value.

(No production)

As for 'miscellaneous' — 2.5% of value after deducting $100,000.

N/A

N/A but would be 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

As for coal.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value'.

Uranium Oxide

Uranium mining in NSW is prohibited.

Uranium mining is prohibited in Victoria.

As for 'miscellaneous' — 2.5% of value after deducting $100,000 — no production in Queensland.

WA Government policy does not support mining and export of uranium. All mining leases granted after 22 June 2002 exclude uranium mining.

3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years. For Olympic Dam under the Roxby Downs Indenture Act, as per the Mining Act 3.5% of market value, ex lease.

As for coal.

NT uranium is owned by the Commonwealth which determines the royalty rate to applying to each mine on a case by case basis(12).

Miscellaneous

Various.

Various.

Unless otherwise specified 2.5% of value after deducting $100,000.

Any other mineral not specifically listed in the Mining Regulations Table ‑ if sold as crushed or screened material, 7.5% of the royalty value or if sold as a concentrate, 5% of the royalty value.

For mines in existence prior to 1 January 2006, various $/tonne until 31 December 2008. All minerals other than extractives 3.5% of market value, ex mineral production tenement. New mines may qualify for a rate of 1.5% for the first 5 years.

Various.

Subject to the Mineral Royalty Act at 18% of the 'Net Royalty Value', if the material is used as a mineral and not as an 'extractive' mineral product.

Base metals — copper, lead, zinc, bauxite/alumina, nickel, magnetite, tin, iron ore, magnesite, tungsten, chromite and cobalt.

Precious metals — gold, silver, gemstones, diamonds, platinoids, manganese and tantalum.

Other minerals — mineral sands, silica, limestone/lime earth, bentonite, salt, kaolin, clay, dolomite, diatomite, phosphate, perlite, peat, marble, granite, calcite, serpentine, construction materials, gypsum, pyrophilites, quartzite, spodumene, talc and uranium.

Notes

  1. Western Australia also levies lease rentals in relation to exploration and production licences. The value of the rentals was $63 million in 2006‑07.
  2. As per Regulations 8‑11 of the 'Mineral Resources Regulations 1995'.
  3. A person must elect to apply the exemption to the first $100,000 of value of only one of the minerals sold, disposed of or used in the year. However, if less than $100,000 of value of the mineral elected is sold, disposed of or used in the year, the person may apply the unused part to another mineral.
  4. Queensland has announced that a fixed rate will no longer be available and the ad valorem rates and thresholds will be increased from 1 January 2011.
  5. The first 2,500 oz. /per annum is exempt.
  6. Applies to rutile, monazite, zircon and ilmenite.
  7. Unless an 'extractive mineral lease' (EML) or 'extractive mineral permit' (EMP) has been granted under the Mining Act (in which case no royalty is payable). Rental of an EMP or an EML is higher to compensate the lack of royalty.
  8. Included under construction materials.
  9. As kaolin in Victoria.
  10. Provided under construction materials for Victoria.
  11. Under Extractive Industries Development Act.
  12. A range of relevant issues, including the world market for uranium, previously negotiated non‑statutory payments to Aboriginal communities, the loss or damage likely to be suffered by Aboriginal communities and the royalty rates set for other mines are taken into account. Ranger is subject to a 5.5 per cent ad valorem royalty comprising a 4.25 per cent payment to Aboriginal Benefit Account and a 1.25 per cent payment to the NT in lieu of royalties.

Source: Table taken from the Ministerial Council on Mineral and Petroleum Resources' February 2006 publication Minerals and Petroleum Taxation: A Review of Australia's Resource Industry Fiscal Regimes and their International Competitiveness with updated information provided by state treasuries.