Northern Territory Numbered Acts

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MINERAL ROYALTIES ACT 2024 (NO 12 OF 2024) - SECT 13

Royalty rate

    (1)     The royalty rate for a mineral extracted from a mining operation is the rate specified in Schedule 1 opposite the mineral.

    (2)     If a mineral is not specified in Schedule 1, the royalty rate is the rate specified in Schedule 2 opposite the category of the mineral.

    (3)     If the royalty rate for a mineral cannot be determined under subsection (1) or (2), the royalty rate is 7.5%.

    (4)     If the royalty determination date is the day a mineral receives its last treatment in the Territory under section 8 (b)(ii), the royalty rate is the rate applicable to the category of the mineral after that treatment.



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