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Date Submitted: 09/08/2014 01:51 AM
Australia’s Mining Fiscal Regime: H2 2014
Executive summary The federal and state governments have separate roles and responsibilities with regards to resource exploration and development. Mineral resources are owned by the Australian or state/territory governments, rather than private individuals. Scope The report outlines Australia’s governing bodies, governing laws, licenses, rights and obligations and key fiscal terms which royalty, mineral resources rent tax, corporate income tax, capital gain, deductions, depreciation, withholding tax, loss carry forward, loss carry back offset, and value added tax Reasons to buy Gain an overview of Australian's mining fiscal regime. Key highlights The federal and state governments in Australia have separate roles and responsibilities with regards to resource exploration and development. Mineral resources are owned by the Australian or state/territory governments, rather than private individuals. The Minerals Council of Australia represents Australia in national and international markets for the exploration, mining and processing of minerals. Its member companies contribute more than 85% of the annual mineral production. The Department of Industry was established in September 2013. Its main purpose is to increase Australia’s economic prosperity and improve productivity, competitiveness, security, and the sustainability of resources. Geoscience Australia is responsible for generating geoscientific information. table Of Contents
1 Executive Summary
2 The Australian Mining Industry – Governing Bodies 2.1 National Level 2.1.1 Minerals Council Of Australia (mca) 2.1.2 Department Of Industry 2.1.3 Geo-science Australia 2.1.4 Bureau Of Resources And Energy Economics (bree) 2.1.5 Australian Uranium Association (aua) 2.1.6 Australian Nuclear Science And Technology Organization (ansto) 2.2 State /territory Involvement 2.2.1 New South Wales 2.2.2 Northern Territory 2.2.3 Queensland 2.2.4 South Australia...