Mineral Resources (Royalty) Regulation 2025
sec.34Gross value of mineral other than market value mineral
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sec.34 Gross value of mineral other than market value mineral
If a mineral is not a market value mineral, the gross value of the mineral is— the amount decided by the revenue commissioner in a gross value royalty decision for the mineral; or if the mineral is sold and an amount in relation to the royalty payable for the mineral is recovered from the buyer—the total of— the amount decided by the revenue commissioner in a gross value royalty decision for the mineral; and the amount recovered. However, until the revenue commissioner makes a gross value royalty decision for the mineral, the gross value of the mineral is taken to be the amount included as the gross value of the mineral in the royalty return for the mineral. (sec.34-ssec.1) If a mineral is not a market value mineral, the gross value of the mineral is— the amount decided by the revenue commissioner in a gross value royalty decision for the mineral; or if the mineral is sold and an amount in relation to the royalty payable for the mineral is recovered from the buyer—the total of— the amount decided by the revenue commissioner in a gross value royalty decision for the mineral; and the amount recovered. (sec.34-ssec.2) However, until the revenue commissioner makes a gross value royalty decision for the mineral, the gross value of the mineral is taken to be the amount included as the gross value of the mineral in the royalty return for the mineral.
- (a) the amount decided by the revenue commissioner in a gross value royalty decision for the mineral; or
- (b) if the mineral is sold and an amount in relation to the royalty payable for the mineral is recovered from the buyer—the total of— (i) the amount decided by the revenue commissioner in a gross value royalty decision for the mineral; and (ii) the amount recovered.
- (i) the amount decided by the revenue commissioner in a gross value royalty decision for the mineral; and
- (ii) the amount recovered.
- (i) the amount decided by the revenue commissioner in a gross value royalty decision for the mineral; and
- (ii) the amount recovered.