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Committee's Report

The committee tabled its report on the Royalty Legislation Amendment Bill 2020 on 7 August 2020.  The Bill was passed with amendment on 13 August 2020.

About the Bill

On 16 July 2020, the Treasurer and Minister for Infrastructure and Planning, the Hon Cameron Dick MP, introduced the Royalty Legislation Amendment Bill 2020 (Bill) into the Legislative Assembly. In accordance with Standing Order 137, the Bill was declared urgent and referred to the Economics and Governance Committee for consideration and report.   

The explanatory notes advise that the policy objectives of the Bill are to:

• amend the Petroleum and Gas (Production and Safety) Act 2004 (Petroleum and Gas Act) and the Petroleum and Gas (Royalty) Regulation 2004 (Petroleum and Gas Regulation) to implement a new basis for imposing petroleum royalties, and make consequential changes to the Mineral Resources Regulation 2013 (Mineral Resources Regulation), and
• amend the Mineral Resources Act 1989 (Mineral Resources Act), Mineral Resources Regulation, Petroleum and Gas Act, Petroleum and Gas Regulation, Taxation Administration Act 2001 (Taxation Administration Act) and Taxation Administration Regulation 2012, to implement the Royalty Administration Modernisation (RAM) program.

The aim of the RAM program is to apply the Taxation Administration Act revenue framework to the administration of mineral and petroleum royalties, thereby aligning the administration of these royalty regimes with that of other state revenue laws.

To support the adoption of the Taxation Administration Act for royalties, the Bill also:

• makes consequential amendments to the Judicial Review Act 1991 to extend exemptions from the requirement to provide a statement of reasons for certain royalty decisions, and to the Petroleum Act 1923, and
• amends the Betting Tax Act 2018 and Payroll Tax Act 1971 to make beneficial changes to their refund provisions, consistent with amendments being made for royalty administration.

Call for submissions

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