Australias Mining Fiscal Regime: H2 2014

Published: Jul, 2014 | Pages: 23 | Publisher: Timetric
Industry: Mining | Report Format: Electronic (PDF)


Synopsis
Timetric's Australian fiscal regime report covers the governing bodies, laws, licenses, rights and obligations and tax-related information on 12 commodities: coal, iron ore, copper, zinc, lead, bauxite, gold, silver, nickel, chromium, manganese and platinum group metals. 

Summary
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 
Reason To Buy
Gain an overview of Australian's mining fiscal regime. 
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.

 1 Executive Summary
2 The Australian Mining Industry - Governing Bodies
2.1 tiol 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 Timetric
6.6 About Timetric
6.7 Timetric'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