14Rebate on royalty payable

14 Rebate on royalty payable

(1)  For the purpose of section 102A(2) of the Act, the rate for a rebate on royalty payable is 20% for a metal, other than gold doré, produced in Tasmania from a mineral mined in Tasmania.

(2)  Subregulation (1) does not apply to the primary treatment of a mineral to produce a mineral concentrate for sale or transportation.

(3)  For the purpose of section 102A(2) of the Act, the rate for a rebate on royalty payable is 10% for gold doré produced in Tasmania from a mineral mined in Tasmania.

(4)  The Minister, after consultation with the Treasurer, may increase a rebate under subregulation (3) to 20% having regard to the following:

(a) the size of a new investment and additional employment arising from the production of gold doré;

(b) any benefit to the Tasmanian economy from the new investment producing gold doré.