Amendments to the Mineral Royalty Act

Published: 06 Jul 2018

As a result of the 2018-19 budget revenue measures, the Mineral Royalty Act has been updated.

The updated Mineral Royalty Act incorporates the following:

  • Introducing a minimum value based royalty on or after 1 July 2019
  • Deductions for the cost of buying, renting or building accommodation in the Northern Territory for resident employees
  • Additional Capital Recognition Deductions for social infrastructure built in the Territory
  • Removal of deductions for interstate Fly-in, Fly-out travel.

Updated Mineral Royalty Overview and Mineral Royalty Guidelines are available here.