What's new

New Minimum Royalty beginning 1 July 2019

Published: 1 July 2019

As part of the 2018-19 Northern Territory Budget initiatives, a minimum royalty will apply for royalty years commencing on or after 1 July 2019.

Property Activation Levy

Published: 29 May 2019

From 1 July 2019, the Property Activation Levy will apply to vacant land and ground floor non-residential buildings within a designated zone within the Darwin CBD.

New value of a revenue unit from 1 July 2019

Published: 8 March 2019

The value of a revenue unit from 1 July 2019 will be equal to $1.21.

New Territory Home Owner Package

Published: 14 February 2019

The new Territory home owner package delivers further assistance to home owners building or purchasing a new home in the Territory.

A key aspect of the new package is BuildBonus, which will see the first 600 people to build or purchase a new home in the Territory to live in (including previous home owners), receive a grant of $20,000.

Capital Recognition Deduction factors 1 July to 31 December 2018 period

Published: 8 January 2019

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

Amendments to the Mineral Royalty Act

Published: 6 July 2018

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

New Payroll Tax Exemption – Hiring Resident Employees

Published: 25 May 2018

As part of the 2018-19 Budget, the Treasurer announced a new payroll tax exemption.

Last updated: 15 July 2019

 
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