Complying with royalty obligations
Resource permit holders have various rights and obligations in regards to royalties. Knowing what rights you have in respect to your liability and what obligations you must satisfy will help you to avoid reassessments, interest and penalties.
These rights and obligations are provided for in the following legislation:
- Mineral Resources Act 1989
- Mineral Resources Regulation 2013
- Petroleum and Gas (Production and Safety) Act 2004
- Petroleum and Gas (Production and Safety) Regulation 2004.
You are obliged to keep records of your activities and give us access to this information. We will make sure that your information is protected under our privacy and confidentiality provisions. You also have various rights when we are investigating your royalty activities.
This guide explains your royalty obligations and our responsibilities to you as a resource permit holder.