The Australian Government and state and territory governments own Australia’s mineral and petroleum resources on behalf of the community. Companies that extract mineral and petroleum resources must pay taxes and royalties. This ensures the community receives an adequate return on the use of Australia’s non-renewable resources.
Roles and responsibilities
The Australian Government and state and territory governments share responsibility for taxing resources projects.
some onshore production in Western Australia from pre-1979 leases
State and territory governments
The state and territory governments collect royalties for both onshore and offshore mineral and petroleum projects in their coastal waters. There is no common royalty regime in place across all states and territories.