Australia Mining Fiscal Landscape – Regulations Governance and Sustainability

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GlobalData’s ” Australia’s Mining Fiscal Landscape Regulations Governance and Sustainability (2024)” 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, mining licenses and fees, as well as taxes and royalties. The report further provides Australia’s sustainable mining practices covering its climate targets

Australia has abundant and diverse natural resources, including iron ore, coal, copper, bauxite, lithium, gold, natural gas, and uranium. Mining has a significant impact on the country’s national income, investments, jobs, exports and government revenues. By March 2024, GDP contribution from the mining industry accounted for about 14.3% of total GDP.

Australia is the largest iron ore producer in the world and also produces gold, bauxite, lead, among other minerals. According to the US Geological Survey (USGS), as of January 2024, Australia had 11.7% of the world’s bauxite reserves, 15.5% of its cobalt, 10.0% of its copper, 20.3% of gold, 31% of iron ore, and 36.% of lead reserves.

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.

Scope

The report outlines the governing bodies, governing laws, various mineral licenses and fees by state and territory

Reasons to Buy

• 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

Executive summary

Country overview

Mineral overview

Government bodies and agencies

Laws and regulations

Mineral licenses and fees

Mining royalties and royalties

Sustainable mining practices

Appendix

Abbreviation

Table

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

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

Frequently asked questions

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