Australia s Mining Fiscal Regime 2018 - A Focus on Mining Licensing, Fees, Royalties and Taxes

  • ID: 4532600
  • Report
  • Region: Australia
  • 39 pages
  • GlobalData
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Australia’s Mining Fiscal Regime 2018 - A Focus on Mining Licensing, Fees, Royalties and Taxes

Summary

Australia has abundant and diverse natural resources, including extensive reserves of coal, iron ore, copper, gold, natural gas, and uranium. Mining has a significant impact on country’s national income, investments, jobs, exports, and government revenues. Up to 85% of Australia’s mineral production originates from the Minerals Council of Australia’s member companies, which also account for approximately 90% of the country’s mineral exports earning.

Australia has three levels of law making - national (or federal), state/territory, and local council - which have separate roles and responsibilities regarding resource exploration and development. Australia’s minerals industry is highly innovative in addition to practicing advanced technology. It is a major contributor to Australia’s national income, investment, jobs, and exports, and is a source of revenue for government.

Australia’s federal and state governments have separate roles and responsibilities pertaining to resource exploration and development. Mineral resources are owned by the Australian government, or state or territory governments, rather than private individuals. The government exercises control over resources found offshore, while the regular administration is carried out by the adjacent state or territory. Every state has its own rules and regulations pertaining to minerals.

The report "Australia’s Mining Fiscal Regime 2018", outlines the country’s mining governing bodies, laws, rights and obligations and taxes-and royalties related information. The report provides:
  • Royalty rates across Australia are different, and are based on value (ad valorem) or a quantum rate.
  • The quantum royalties are a flat rate applicable per unit of mineral recovered.
  • The ad valorem royalties are calculated based on the percentage of the total value of mineral extracted.
  • Corporate income tax is levied at a rate depending on the turnover and company category.
  • Goods and service tax (GST) is levied at a standard rate.
  • Tax losses can be carried forward indefinitely.
Scope
  • The report outlines the governing bodies, governing laws, various mineral licenses and fees by state and territory.
Reasons to buy
  • Enhance your decision making capability in a more rapid and time sensitive manner
  • Find out Australia's governing bodies, major laws in the industry
  • Identify various mineral licenses and fees by state and territory
  • To gain an overview of the Australia's mining fiscal regime
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1 Table of Contents

2. Australia’s Mining Fiscal Regime: Executive Summary

3. Australia’s Mining Fiscal Regime: Ease of Doing Business

4. Australia’s Mining Fiscal Regime: Governing Bodies and Agencies
4.1. National Level
4.2. State or Territory Involvement

5. Australia’s Mining Fiscal Regime: Laws, and Regulations
5.1. Offshore Legislation
5.2. Onshore Legislation

6. Australia’s Mining Fiscal Regime: Mineral Licensing and Fees
6.1. New South Wales
6.2. Northern Territory
6.3. Queensland
6.4. South Australia
6.5. Tasmania
6.6. Victoria
6.7. Western Australia

7. Australia’s Mining Fiscal Regime: Royalty and Taxes
7.1. Royalty
7.1.1. New South Wales
7.1.2. Northern Territory
7.1.3. Queensland
7.1.4. South Australia
7.1.5. Tasmania
7.1.6. Victoria
7.1.7. Western Australia
7.2. Corporate Income Tax (CIT)
7.2.1. Capital Expenditure Deduction
7.3. Withholding Tax
7.4. Treatment of Tax Losses
7.5. Goods and Services Tax (GST)

8. Appendix
8.1. Abbreviations
8.2. Methodology
8.3. Coverage
8.4. Secondary Research
8.5. Contact
8.6. Disclaimer

List of Tables
Table 1: Australia’s Mining Fiscal Regime - Key Taxes and Rates, 2018
Table 2: Australia’s Mining Fiscal Regime - Ease of Doing Business in Australia, Global Ranking, June 2016- June 2017
Table 3: Australia’s Mining Fiscal Regime - National Level Mining Governing Bodies and Agencies, 2018
Table 4: Australia’s Mining Fiscal Regime - Mining Governing Bodies and Agencies by State/Territory, 2018
Table 5: Australia’s Mining Fiscal Regime - Mining Governing Bodies and Agencies by State/Territory, 2018 (Contd.1)
Table 6: Australia’s Mining Fiscal Regime - Key Onshore Legislations by State/Territory, 2018
Table 7: Australia’s Mining Fiscal Regime - Key Onshore Legislations by State/Territory, 2018 (Contd.1)
Table 8: Australia’s Mining Fiscal Regime - Key Onshore Legislations by State/Territory, 2018 (Contd.2)
Table 9: Australia’s Mining Fiscal Regime - Exploration License Application, Renewal and Tender Fees in NSW, 2018
Table 10: Australia’s Mining Fiscal Regime - Exploration (Mineral Owner) License Application and Renewal Fees in NSW, 2018
Table 11: Australia’s Mining Fiscal Regime - Mining Leases and Fees in NSW, 2018
Table 12: Australia’s Mining Fiscal Regime - Assessment Leases and Fees in NSW, 2018
Table 13: Australia’s Mining Fiscal Regime - Mining License, Lease, Permit and Administration Fees in Northern Territory, 2018
Table 14: Australia’s Mining Fiscal Regime - Mining License, Lease, Permit and Administration Fees in Northern Territory, 2018 (Contd.1)
Table 15: Australia’s Mining Fiscal Regime - Annual Rent in Northern Territory, 2018
Table 16: Australia’s Mining Fiscal Regime - Late Lodgement Fees in Northern Territory, 2018
Table 17: Australia’s Mining Fiscal Regime - Mineral Titles and Fees in Queensland, 2018
Table 18: Australia’s Mining Fiscal Regime - Mineral Tenements and Fees in South Australia, 2018
Table 19: Australia’s Mining Fiscal Regime - Fees for Mining License and Lease in Tasmania, 2018
Table 20: Australia’s Mining Fiscal Regime - Other Mining Related Fees in Tasmania, 2018
Table 21: Australia’s Mining Fiscal Regime - Mining Rents in Tasmania, 2018
Table 22: Australia’s Mining Fiscal Regime - Mining Titles and Fees in Victoria, 2018
Table 23: Australia’s Mining Fiscal Regime - Mining Tenements and Fees in Western Australia, 2018
Table 24: Australia’s Mining Fiscal Regime - Royalty Rates in New South Wales by commodity, 2018
Table 25: Australia’s Mining Fiscal Regime - CRD Factor, 2007-2017
Table 26: Australia’s Mining Fiscal Regime - Reference Prices for Prescribed Minerals, July 2017
Table 27: Australia’s Mining Fiscal Regime - Royalty Discounts on Processed Minerals, July 2017
Table 28: Australia’s Mining Fiscal Regime - South Australia Royalty Rates (%), 2017
Table 29: Australia’s Mining Fiscal Regime - Royalty Rates in Western Australia (%), 2017
Table 30: Australia’s Mining Fiscal Regime - Withholding Tax Rates (%), 2017

List of Figures
Figure 1: Australia’s Mining Fiscal Regime - Country Overview, 2017
Figure 2: Australia’s Mining Fiscal Regime - Ease of Doing Business in Australia, Global Ranking, June 2016- June 2017
Figure 3: Australia’s Mining Fiscal Regime - Three Levels of Australia Government
Figure 4: Australia’s Mining Fiscal Regime - Department of Industry, Innovation and Science’s Key Objectives, 2018
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