Consultation: mineral royalty scheme review
A new mineral royalty scheme for the Northern Territory is being developed.
The Northern Territory Government set a target to become a $40 billion economy by 2030, and in 2021 established the Mineral Development Taskforce to identify and investigate opportunities to accelerate investment in new mining projects.
In April 2023 the taskforce released its final report with a recommendation to replace the Territory’s current profit based mineral royalty scheme with an ad valorem scheme that is simple, competitive and modern.
The Department of Treasury and Finance is seeking written submissions to inform the development of a new ad valorem 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.
