What's new

Mineral Royalty Amendment Bill 2021

Published: 25 February 2021

From 1 July 2021, the mining security levy imposed under the Mining Management Act 2001 and costs associated with provision of the security are no longer deductible for mineral royalty purposes in the Mineral Royalty Act 1982 (the Act).

Taxation Administration Amendment Bill 2021

Published: 25 February 2021

Part 6, Division 2 of the Taxation Administration Act 2007 is being amended to include new provisions relating to special arrangements, with the conveyance by return scheme the only such arrangement currently approved.

New value of a revenue unit from 1 July 2021

Published: 17 February 2021

The value of a revenue unit from 1 July 2021 will be equal to $1.24.

Capital recognition deduction factors 1 July to 31 December 2020

Published: 5 January 2021

The capital recognition deduction factors, calculated pursuant to sections 4C(1)(b) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 July to 31 December 2020 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: CRD Factors DOCX (65.7 KB).

COVID-19 and payroll tax relief extension

Published: 25 September 2020

As part of the Northern Territory Government’s Jobs Rescue and Recovery Plan Business Hardship Package, payroll tax relief has been extended to further support eligible businesses that have experienced substantial hardship due to COVID-19.

Capital Recognition Deduction factors 1 January to 30 June 2020

Published: 2 July 2020

The capital recognition deduction factors, calculated pursuant to sections 4C(1)(b) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 January to 30 June 2020 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA-007: CRD factors DOCX (101.5 KB).

COVID-19 and payroll tax relief

Published: 8 May 2020

As part of the Northern Territory Government’s Jobs Rescue and Recovery Plan Business Hardship Package, payroll tax relief is available for eligible businesses that can demonstrate substantial hardship due to the COVID-19 pandemic.

JobKeeper payments

Published: 8 May 2020

Employers receiving the Australian Government’s JobKeeper payments for employees working in the Northern Territory will not have to pay payroll tax on these payments.

Hiring resident employee exemption

Published: 8 May 2020

The Government announced on 17 March 2020 that the hiring resident employee exemptions have been extended to new hires up to 30 June 2021.

Fields for claiming the exemption in the online lodgement system INTRA have also been recently updated to provide greater clarity for users on what needs to be declared.

Capital Recognition Deduction factors 1 July to 31 December 2019

Published: 7 January 2020

The Capital Recognition Deduction factors have been approved by the Secretary.

Last updated: 08 May 2020

 
Back to top