Northern Territory Numbered Acts

MINERAL ROYALTIES ACT 2024 (NO 12 OF 2024)

TABLE OF PROVISIONS

           Long Title

   PART 1--PRELIMINARY MATTERS

   1.      Short title  
   2.      Commencement  
   3.      Definitions  
   4.      Meaning of arm's length terms  
   5.      Meaning of Australian Dollar Equivalent and exchange rate  
   6.      Meaning of genuine sale  
   7.      Meaning of mineral  
   8.      Royalty determination date  
   9.      Categories of mineral  
   10.     Application of Act  
   11.     Application of Taxation Administration Act 2007  

   PART 2--MINERAL ROYALTIES

   12.     Liability for royalty  
   13.     Royalty rate  
   14.     Calculation of royalty amount  
   15.     Calculation of value  
   16.     Deduction for shipping costs for transport in Territory  
   17.     Royalty instalments  
   18.     Amount of quarterly instalments  
   19.     Annual adjustment of royalty paid  

   PART 3--MISCELLANEOUS MATTERS

   20.     Registration by holder of mining tenements  
   21.     Notification of events  
   22.     Lodgement of returns  
   23.     Powers of Commissioner of Territory Revenue  
   24.     Regulations  

   PART 4--CONSEQUENTIAL AMENDMENTS

           Division 1--Amendment of Mineral Royalty Act 1982

   25.     Act amended  
   26.     Section 3 amended (Application)  
   27.     Section 50 amended (Secrecy)  

           Division 2--Amendment of Taxation Administration Act 2007

   28.     Act amended  
   29.     Section 102 amended (Prohibition on certain disclosures of information by tax officers)  

           Division 3--Repeal of Part

   30.     Repeal of Part  
           SCHEDULE 1
           SCHEDULE 2