AMMA members are invited to consult on Western Australia’s state royalty system in its first review since 1986.
The terms of reference and a stakeholder consultation paper was released early last week for the government’s Mineral Royalty Rate Analysis, aiming to “ensure the state’s mineral royalties operated fairly and efficiently, both for the mining industry and resource owners, West Australians”.
“Royalties are vital to the State’s ability to provide the services and infrastructure West Australians expect,” Premier Colin Barnett said.
“It is important that royalty rates deliver a reasonable return to the community without discouraging production or acting as a disincentive to new investment.”
The analysis will:
- focus on identified anomalies in the current structure, rather than consider major changes to royalty arrangements;
- examine the efficacy and appropriateness of the existing policy; and
- consider the equity and efficiency implications of any proposed changes to the royalty rates.
Petroleum royalties will be excluded from the review.
If you would like to make a submission as part of the analysis, click here to download a copy of the terms of reference and stakeholder consultation paper from the Department of State Development.