sch.1-sec.5Coal

sch.1-sec.5 Coal

The royalty rate for coal is— if the average price per tonne of the coal sold, disposed of or used in the return period is $100 or less—7% of the value of the coal; or the royalty rate applied to the value of the coal sold, disposed of or used in the return period, rounded down to 2 decimal places, worked out using the following formula— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $100 but not more than $150— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $150 but not more than $175— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $175 but not more than $225— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $225 but not more than $300— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $300— where— RR is the royalty rate, expressed as a percentage. AP is the average price per tonne of the coal sold, disposed of or used in the return period. The royalty rate must be worked out and applied separately for coal sold or disposed of for consumption, or used, inside the State and coal sold or disposed of for consumption, or used, outside the State. (sch.1-sec.5-ssec.1) The royalty rate for coal is— if the average price per tonne of the coal sold, disposed of or used in the return period is $100 or less—7% of the value of the coal; or the royalty rate applied to the value of the coal sold, disposed of or used in the return period, rounded down to 2 decimal places, worked out using the following formula— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $100 but not more than $150— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $150 but not more than $175— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $175 but not more than $225— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $225 but not more than $300— if the average price per tonne of the coal sold, disposed of or used in the return period is more than $300— where— RR is the royalty rate, expressed as a percentage. AP is the average price per tonne of the coal sold, disposed of or used in the return period. (sch.1-sec.5-ssec.2) The royalty rate must be worked out and applied separately for coal sold or disposed of for consumption, or used, inside the State and coal sold or disposed of for consumption, or used, outside the State.

• (a) if the average price per tonne of the coal sold, disposed of or used in the return period is $100 or less—7% of the value of the coal; or
• (b) the royalty rate applied to the value of the coal sold, disposed of or used in the return period, rounded down to 2 decimal places, worked out using the following formula— (i) if the average price per tonne of the coal sold, disposed of or used in the return period is more than $100 but not more than $150— (ii) if the average price per tonne of the coal sold, disposed of or used in the return period is more than $150 but not more than $175— (iii) if the average price per tonne of the coal sold, disposed of or used in the return period is more than $175 but not more than $225— (iv) if the average price per tonne of the coal sold, disposed of or used in the return period is more than $225 but not more than $300— (v) if the average price per tonne of the coal sold, disposed of or used in the return period is more than $300— where— RR is the royalty rate, expressed as a percentage. AP is the average price per tonne of the coal sold, disposed of or used in the return period.