Consultation paper for designing an ad valorem mineral royalty scheme for the Territory
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Consultation has concluded
The Northern Territory Government is committed to the recommendations of the Territory Economic Reconstruction Commission final report. In 2021 government established the Mineral Development Taskforce (taskforce) to identify and investigate opportunities to accelerate investment in new mining projects.
In April 2023 the taskforce released its final report with a recommendation to replace the Territory’s current profit-based mineral royalty scheme with an ad valorem scheme that is simple, competitive, and incorporates modern and contemporary design features.
The Territory Government is inviting written submissions from stakeholders to inform the development of a new ad valorem mineral royalty framework. To assist with making a submission, a Consultation Paper has been developed which outlines the scope of the consultation, including guiding questions for key areas of consideration.
Making a submission
This consultation has closed.
The Northern Territory Government is committed to the recommendations of the Territory Economic Reconstruction Commission final report. In 2021 government established the Mineral Development Taskforce (taskforce) to identify and investigate opportunities to accelerate investment in new mining projects.
In April 2023 the taskforce released its final report with a recommendation to replace the Territory’s current profit-based mineral royalty scheme with an ad valorem scheme that is simple, competitive, and incorporates modern and contemporary design features.
The Territory Government is inviting written submissions from stakeholders to inform the development of a new ad valorem mineral royalty framework. To assist with making a submission, a Consultation Paper has been developed which outlines the scope of the consultation, including guiding questions for key areas of consideration.
