Late lodgement fee, royalty penalty and interest

Late lodgement fee

The late lodgement fee is $195.35 (this rate is reviewed annually, usually on 1 July).

A late lodgement fee is automatically charged if you fail to lodge a royalty return by the due date. The fee applies even if no royalty was charged.

In certain circumstances, we can reduce or cancel some or all of the late fee. Read the royalty ruling on remission of the late lodgement fee (ROY004) for more information.

Royalty penalty

A royalty penalty is charged when we reassess your royalty liability (and find it understated) or a royalty return has not been lodged.

The royalty penalty is 75% of the understated royalty, or of the liability assessed on a default assessment.

In certain circumstances we can reduce or cancel some or all of the royalty penalty. Read the royalty ruling on remission of royalty penalty (ROY003) for more information.

The royalty penalty is different to the civil penalty that is applied to certain incorrectly calculated monthly payments.

Unpaid royalty interest

If you do not pay royalty by the due date, unpaid royalty interest will accrue daily until the royalty, related penalties and fees, and accumulated interest are paid in full.

If you have an outstanding royalty amount that is accruing unpaid royalty interest, any payments you make will go towards interest, penalties and fees before the royalty.

The unpaid royalty interest rate for 2018-19 is 9.96% (this rate is reviewed annually, usually on 1 July).

In certain circumstances we may waive some or all of the unpaid royalty interest. Read the royalty ruling on remission of unpaid royalty interest (ROY002) for more information.

Previous unpaid royalty interest rates

For each financial year, the rate is equal to the sum of the monthly average yield of 90-day bank accepted bills for the preceding May (rounded to the nearest second decimal point) and 8%.

The past unpaid royalty interest rates are:

  • 9.73% for 2017-18
  • 10.01% for 2016-17
  • 10.15% for 2015-16
  • 10.69% for 2014-15
  • 10.82% for 2013-14.

Contact

Office of State Revenue

  • Call 1300 300 734 (Australia) or
    +61 7 3179 2500 (overseas)
  • Send an email using our online enquiry form.