Northern Territory Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

MINERAL ROYALTIES ACT 2024 (NO 12 OF 2024) - SECT 3

Definitions

In this Act:

"arm's length terms", see section 4 .

"Australian Dollar Equivalent", see section 5 (1).

"category", in relation to a mineral, means a category specified in section 9 .

"Commissioner of Territory Revenue" means the person holding or acting in the office of Commissioner of Territory Revenue under the Taxation Administration Act 2007 .

"exchange rate", see section 5 (2).

"extract", in relation to a mineral, means:

    (a)     to mine, remove or obtain the mineral from the earth, including earth under water; or

    (b)     to recover or obtain the mineral from tailings or mine waste previously mined, removed or obtained.

extractive mineral exploration licence , see section 46(1) of the Mineral Titles Act 2010 .

"extractive mineral lease", see section 54(1) of the Mineral Titles Act 2010 .

"extractive mineral permit", see section 50(1) of the Mineral Titles Act 2010 .

"genuine sale", see section 6 .

"mineral", see section 7 .

"mineral authority", see section 118(2) of the Mineral Titles Act 2010 .

"mineral exploration licence", see section 26(1) of the Mineral Titles Act 2010 .

mineral exploration licence in retention , see section 34(3) of the Mineral Titles Act 2010 .

"mining operation" means:

    (a)     a mining tenement; or

    (b)     2 or more mining tenements operated as part of an integrated operation.

"mining tenement" means a right, by whatever name known, to obtain minerals from land, granted or continued in force by or under a law in force in the Territory, whether granted before or after the commencement of this Act, and includes the land to which the right relates, but does not include any of the following:

    (a)     a mineral exploration licence;

    (b)     a mineral exploration licence in retention;

    (c)     an extractive mineral exploration licence;

    (d)     a mineral authority that corresponds to a licence mentioned in paragraphs (a) to (c);

    (e)     a non-compliant existing interest, as defined in section 204(1) of the Mineral Titles Act 2010 , the sole purpose of which is to authorise an activity that may be conducted under a licence mentioned in paragraphs (a) to (c).

"quarter "means the 3-month period ending on the last day of March, June, September or December in any royalty year.

"royalty" means the royalty payable on a mineral under this Act.

"royalty determination date", see section 8 .

"royalty rate", see section 13 .

"royalty year", in relation to a holder of a mining tenement, means the 12-month period for which the accounts of the holder are ordinarily made up.

"sale", in relation to a mineral, includes a transfer of ownership of the mineral in exchange for consideration other than money.

"shipping costs", in relation to a mineral, are freight charges, dead freight costs or insurance costs incurred in transporting the mineral to the purchaser of the mineral.

"treatment", in relation to a mineral, means primary, secondary or final treatment as referred to in the categories specified in section 9 .

"value", see section 15 .

Note for section 3

The Interpretation Act 1978 contains definitions and other provisions that may be relevant to this Act.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback