Help getting it right

Calculating royalty

Different rates and methods of calculation are applied to different minerals when calculating the amount of royalty payable.

Calculate the royalty payable on:

• coal
• minerals other than coal
• petroleum.

Calculating foreign exchange gains or losses

• The holder of a NSW mining lease who buys or sells minerals in a foreign currency needs to disclose any foreign exchange gain or loss in their royalty returns.
• Foreign exchange gains/losses must be brought to account at the end of each return period as either unrealised or realised, and are included in ‘assessable revenue’ when calculating the royalty payable.

Voluntary disclosures

To make a voluntary disclosure of an understated liability, or to report a member of the public, send us an email.