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Under the Mining Act 1971, and the Mining Regulations 2011, rental is payable annually in advance on mining tenements. The annual rental values listed below are valid from 01 July 2011 and are exempt from GST. |
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Annual Rents | |
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Mining lease - per hectare or part thereof |
$ 43.25 |
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Minimum annual rental in respect of any mining lease |
$ 166.00 |
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Retention lease - per hectare or part thereof |
$ 21.90 |
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Minimum annual rental in respect of retention lease |
$ 166.00 |
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Miscellaneous purposes licence - per hectare or part thereof |
$ 43.25 |
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Minimum annual rental in respect of miscellaneous purposes licence |
$ 166.00 |