Royalties

Mineral Royalties - Mineral resources are owned by the community and a royalty is a purchase price for the resource.

The department accepts royalty payments by Electronic Funds Transfer (EFT).

All EFT royalty payments must be made within the prescribed time as stated in the respective legislation to relevant departmental account.

Bank: Commonwealth Bank of Australia
BSB: 066-040
Account: 12000048

It is a requirement for your Payer Reference Code to be included on your EFT transaction so that the Department can allocate your payment against the correct payer/project(s).

Due to changes to its Royalties Management System, DMIRS Regional Offices can no longer accept royalty payments.  The only acceptable form of payment method is by cheque or EFT as outlined above.

Late payment penalties

Mining Act 1978

• Fines may be imposed if royalty return and production report non-compliance occurs.
• Forfeiture action or a financial penalty in lieu of forfeiture will be initiated if royalty payment non-compliance occurs.  The penalty comprises a flat penalty plus a 20% percentage of the late royalty amount, applied on a daily basis i.e. 0.054%.  The penalty must not exceed $75,000 if the lessee is an individual or $150,000 if the lessee is a body corporate.

State Agreement Acts

If a breach of the royalty provisions in an Agreement Act occurs, action is taken under the provisions of the relevant Agreement Act.

Petroleum Royalties - Petroleum resources are owned by the community and a royalty is a purchase price for the resource.

The department accepts royalty payments by Electronic Funds Transfer (EFT).

Late payment penalties

An additional amount must be paid if payment is not made by the due date stipulated in the relevant legislation. The additional amount is calculated from the time the royalty became payable until it is paid.

All EFT royalty payments must be made within the prescribed time as stated in the respective legislation to the relevant departmental account. These accounts are:

For royalties other than Barrow Island RRR and North West Shelf Project

Bank: Commonwealth Bank of Australia
BSB: 066-040
Account: 12000048

It is a requirement for your Payer Reference Code to be included on your EFT transaction so that the Department can allocate your payment against the correct payer/project(s).

Due to changes to its Royalties Management System, DMIRS Regional Offices can no longer accept royalty payments.  The only acceptable form of payment method is by cheque or EFT as outlined above.

For Barrow Island RRR / Penalties

Bank: Commonwealth Bank of Australia
BSB: 066-040
Account: 12000013

For North West Shelf royalties

Bank: Reserve Bank of Australia
BSB: 092-009
Account: 118662