Late lodgement fee, penalty and interest

Late lodgement fee

The late lodgement fee is $203.25 (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 public ruling on remission of the late lodgement fee (RLTY001) for more information.

In addition, if you do not lodge a royalty return on time we may make a default assessment based on the amount we reasonably believe is owed. This default assessment will include a penalty of 75% of the royalty assessed.

Penalty

Penalties apply when we reassess your royalty liability (and find it understated) or a return has not been lodged:

  • royalty penalty for liabilities that arise before 1 October 2020
  • penalty tax for liabilities that arise on or after 1 October 2020.

The 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 penalty. These rulings have more information:

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

Unpaid interest

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

  • unpaid royalty interest for liabilities that arise before 1 October 2020
  • unpaid tax interest for liabilities that arise on or after 1 October 2020.

Although the names differ, the method of calculating interest is the same.

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

The unpaid interest rate for 2020-21 is 8.10% (this rate is reviewed annually, usually on 1 July).

In certain circumstances we may waive some or all of the unpaid royalty interest. These rulings have more information:

See previous unpaid royalty interest rates.

Contact

Office of State Revenue

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