
Australia Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update
Description
Australia Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update
Summary
GlobalData's Australia Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update provides a comprehensive coverage on Australia's mining fiscal regime. The report provides country's overview with macroeconomic performance, corruption index and mineral overview. It also provides a comprehensive coverage on the country’s mining regulatory bodies, laws, rights, and obligations, as well as current and future tax-related proposals.
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 Australian mining industry is governed and regulated by several authorities, which focus on aspects such as administration, environment, health and safety. Some of the chief agencies include, Department of Industry, Innovation and Science, Geoscience Australia, Australian Nuclear Science and Technology Organization (ANSTO), Minerals Council of Australia (MCA), Division of Resources and Energy, Department of Planning and Environment, and Department of Primary Industry and Resources, among others. Various taxes, including corporate income tax and withholding tax, goods and service tax among others, are applicable to entities in Australia.
Scope
Summary
GlobalData's Australia Mining Industry Fiscal Regime Analysis including Governing Bodies, Regulations, Licensing Fees, Taxes and Royalties, 2022 Update provides a comprehensive coverage on Australia's mining fiscal regime. The report provides country's overview with macroeconomic performance, corruption index and mineral overview. It also provides a comprehensive coverage on the country’s mining regulatory bodies, laws, rights, and obligations, as well as current and future tax-related proposals.
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 Australian mining industry is governed and regulated by several authorities, which focus on aspects such as administration, environment, health and safety. Some of the chief agencies include, Department of Industry, Innovation and Science, Geoscience Australia, Australian Nuclear Science and Technology Organization (ANSTO), Minerals Council of Australia (MCA), Division of Resources and Energy, Department of Planning and Environment, and Department of Primary Industry and Resources, among others. Various taxes, including corporate income tax and withholding tax, goods and service tax among others, are applicable to entities in Australia.
Scope
- The report outlines the governing bodies, governing laws, various mineral licenses and fees by state and territory
- 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
- To gain an overview of Australia's mining fiscal regime
Table of Contents
33 Pages
- 1. Executive Summary
- 2. Country Overview
- 2.1 Macroeconomic Performance
- 2.2 Corruption Index
- 2.3 Minerals Overview
- 3. Fiscal regime
- 3.1 Governing Bodies and Agencies
- National Level
- State or Territory Involvement
- 3.2 Laws, and Regulations
- Offshore Legislation
- Onshore Legislation
- 3.3 Mineral Licensing and Fees
- New South Wales
- Northern Territory
- Victoria
- Queensland
- South Australia
- Tasmania
- Western Australia
- 3.4 Royalty and Taxes
- Royalty
- New South Wales
- Northern Territory
- Queensland
- South Australia
- Tasmania
- Victoria
- Western Australia
- 3.5 Corporate Income Tax (CIT)
- Capital Expenditure Deduction
- Withholding Tax
- Treatment of Tax Losses
- Goods and Service Tax (GST)
- 3.6 Appendix
- Abbreviations
- Coverage
- Secondary Research
- List of Tables
- Table 1: National level mining governing bodies and agencies, 2022
- Table 2: Mining governing bodies and agencies by state/territory, 2022
- Table 3: Mining governing bodies and agencies by state/territory, 2022
- Table 4: Exploration (mineral owner) license application and renewal fees in NSW, 2022
- Table 5: Mining leases and fees in NSW, 2022
- Table 6: Assessment leases and fees in NSW, 2022
- Table 7: Mining license, lease, permit and administration fees in Northern Territory, 2022
- Table 8: Mining titles and fees in Victoria, 2022
- Table 9: Mineral titles and fees in Queensland, 2022
- Table 10: Mineral tenements and fees in South Australia, 2022
- Table 11: Fees for mining license and lease in Tasmania, 2022
- Table 12: Other mining related fees in Tasmania, 2022
- Table 13: Mining rents in Tasmania, 2022
- Table 14: Mining tenements and fees in Western Australia, 2022
- Table 15: Royalty rates in New South Wales by commodity, 2022
- Table 16: CRD factor, 2008-2021
- Table 17: Price and royalty rate for base and precious metals in Queensland, FY2021-2022
- Table 18: Discounts on processed minerals, 2021
- Table 19: South Australia royalty rates (%), 2022
- Table 20: Royalty rates in Western Australia (%), 2022
- Table 21: Royalty rates in Western Australia (%), 2022
- List of Figures
- Figure 1: Country overview, 2022
- Figure 2: Nominal GDP (US$ billion) and real GDP growth rate (%), 2001-2021
- Figure 3: Mining investment and exports, 2014-2020
- Figure 4: Corruption perception index rank, 2015-2021
- Figure 5: CPI Ranking by country, 2021
- Figure 6: Mineral production trend, 2011-2021
- Figure 7: Three levels of Australia Government
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