Australia’s Mining Fiscal Regime: H2 2014

The federal and state governments have separate roles and responsibilities with regards to resource exploration and development. Mineral resources are owned by the Australian or state/territory governments, rather than private individuals.

Scope

The report outlines Australia’s governing bodies, governing laws, licenses, rights and obligations and key fiscal terms which royalty, mineral resources rent tax, corporate income tax, capital gain, deductions, depreciation, withholding tax, loss carry forward, loss carry back offset, and value added tax

Key Highlights

• The federal and state governments in Australia have separate roles and responsibilities with regards to resource exploration and development. Mineral resources are owned by the Australian or state/territory governments, rather than private individuals.

• The Minerals Council of Australia represents Australia in national and international markets for the exploration, mining and processing of minerals. Its member companies contribute more than 85% of the annual mineral production.

• The Department of Industry was established in September 2013. Its main purpose is to increase Australia’s economic prosperity and improve productivity, competitiveness, security, and the sustainability of resources.

• Geoscience Australia is responsible for generating geoscientific information.

Reasons to buy

Gain an overview of Australian's mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary

2 The Australian Mining Industry – Governing Bodies

2.1 National Level

2.1.1 Minerals Council of Australia (MCA)

2.1.2 Department of Industry

2.1.3 Geo-science Australia

2.1.4 Bureau of Resources and Energy Economics (BREE)

2.1.5 Australian Uranium Association (AUA)

2.1.6 Australian Nuclear Science and Technology Organization (ANSTO)

2.2 State /Territory Involvement

2.2.1 New South Wales

2.2.2 Northern Territory

2.2.3 Queensland

2.2.4 South Australia

2.2.5 Tasmania

2.2.6 Victoria

2.2.7 Western Australia

3 The Australian Mining Industry – Governing Laws

3.1 Offshore Legislation

3.2 Onshore Legislation

3.2.1 New South Wales

3.2.2 Northern Territory

3.2.3 Queensland

3.2.4 South Australia

3.2.5 Tasmania

3.2.6 Victoria

3.2.7 Western Australia

3.3 Australian Radiation Protection and Nuclear Safety Act 1998

3.4 Nuclear Non-Proliferation (Safeguards) Act 1987

4 The Australian Mining Industry – Mining Rights and Obligations

4.1 Rights

4.2 Obligations

5 The Australian Mining Industry – Key Fiscal Terms

5.1 Royalty

5.1.1 Queensland

5.1.2 New South Wales

5.1.3 Victoria

5.1.4 Western Australia

5.1.5 South Australia

5.1.6 Northern Territory

5.1.7 Tasmania

5.2 Minerals Resource Rent Tax (MRRT)

5.2.1 MRRT Allowance

5.3 End of Carbon Tax

5.4 Corporate Income Tax

5.5 Capital Gains

5.6 Deductions

5.7 Depreciation

5.8 Withholding Tax

5.9 Loss Carry Forward

5.10 Loss Carry Back Offset

5.11 Goods and Services Tax

6 Appendix

6.1 What is this Report About?

6.2 Methodology

6.3 Secondary Research

6.4 Primary Research

6.5 Contact GlobalData

6.6 About GlobalData

6.7 GlobalData’s Services

6.8 Disclaimer

List of Tables

Table 1: The Mining Industry in Australia – Fiscal Regime Terms and Other Taxes

Table 2: The Mining Industry in Australia – Queensland Royalty Rates (% and AUD), 2014

Table 3: The Mining Industry in Australia – Queensland Mining Fees (AUD), 2014

Table 4: The Mining Industry in Australia – Western Australia Ad Valorem Royalty Rates (%), 2014

Table 5: The Mining Industry in Australia – South Australia Royalty Rates (%), 2014

Table 6: The Mining Industry in Australia – South Australia Annual Rents (AUD), 2014

Table 7: The Mining Industry in Australia – South Australia Mining Fees (AUD), 2014

Table 8: The Mining Industry in Australia – Withholding Tax Rates (%), 2014

Table 9: The Mining Industry in Australia – Depreciation Rates (%), 2014

List of Figures

Figure 1: The Mining Industry in Australia – Commodity Mines at Different Stages (Number of Mines), 2014

    Pricing

Discounts available for multiple purchases.

reportstore@globaldata.com
+44 20 7947 2745

Join our mailing list

Saved reports