What's new

New value of a revenue unit from 1 July 2024

Published: 13 March 2024

The value of a revenue unit from 1 July 2024 will be $1.41.

Capital recognition deduction factors 1 July to 31 December 2023

Published: 9 January 2024

The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 July to 31 December 2023 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: Capital recognition deduction factors PDF (222.2 KB).

Capital recognition deduction factors 1 January to 30 June 2023

Published: 4 July 2023

The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 January to 30 June 2023 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: Capital recognition deduction factors PDF (222.2 KB).

Consultation: mineral royalty scheme review

Published: 22 June 2023

A new mineral royalty scheme for the Northern Territory is being developed.

The Department of Treasury and Finance is seeking written submissions to inform the development of a new mineral royalty framework.

Consultation is open from 22 June 2023 until COB on 4 August 2023.

To provide your feedback, go to the Have Your Say website.

2023-24 Budget revenue measure

Published: 9 May 2023

The following taxation measures were announced by the Territory Government as part of the 2023-24 Budget:

From 9 May 2023, stamp duty on the conveyance of non-land property, except for goods conveyed with an interest in land, is abolished.

Complementing this measure, a new stamp duty exemption will be introduced for goods conveyed with a lease where the lease has nil or nominal value. For more information, read the stamp duty page.

New value of a revenue unit from 1 July 2023

Published: 8 May 2023

The value of a revenue unit from 1 July 2023 will be $1.35.

Capital recognition deduction factors 1 July to 31 December 2022

Published: 4 January 2023

The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 July to 31 December 2022 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: Capital recognition deduction factors.

Capital recognition deduction factors 1 January to 30 June 2022

Published: 4 July 2022

The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 January to 30 June 2022 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: Capital recognition deduction factors. PDF (208.9 KB)

House and land package exemption from 1 July 2022

Published: 1 July 2022

From 1 July 2022, an exemption from stamp duty applies for eligible individuals who acquire newly-developed land from a registered building practitioner on which there is, or will be, a home constructed by the builder. At least one applicant must live in the home as their principal place of residence within 12 months of completion and stay for a continuous period of at least 6 months.

2022-23 Budget Revenue Measures – Revenue Legislation Amendment and Repeal Bill 2022

Published: 29 April 2022

From 1 July 2022, changes have been made to:

introduce a stamp duty exemption for house and land packages and speculative builds
introduce a stamp duty concession of up to $1,500 for electric motor vehicles
cease the property activation levy from the 2022-23 financial year
increase the value of a revenue unit to $1.27

Read RC-GEN-21: 2022-23 Budget Measures PDF (2.1 MB) for details about these changes.

Capital recognition deduction factors 1 July to 31 December 2021

Published: 4 January 2022

The capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 July to 31 December 2021 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG-MRA 007: Capital recognition deduction factors PDF (239.9 KB).

Capital recognition deduction factors 1 January to 30 June 2021

Published: 2 July 2021

The Capital recognition deduction factors, calculated pursuant to sections 4C(2) and 4C(6) of the Mineral Royalty Act 1982, for the period 1 January to 30 June 2021 have been approved by the Secretary. An updated schedule is available in Royalty Guideline RG‑MRA‑007: Capital recognition deduction factors PDF (406.0 KB).

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 (65.3 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 (101.6 KB).

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