Mineral Resources (Royalty) Regulation 2025
sec.39Reference to gross value royalty decision for working out average price of particular minerals
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sec.39 Reference to gross value royalty decision for working out average price of particular minerals
This section applies if a gross value royalty decision applies for a relevant mineral for a return period. For part 3 , the average price for each tonne or kilogram of the relevant mineral sold, disposed of or used in the return period must be worked out by reference to— the gross value of the mineral under the gross value royalty decision; or the method or formula for working out the gross value of the mineral under the decision. In this section— relevant mineral means coal, iron ore or uranium. (sec.39-ssec.1) This section applies if a gross value royalty decision applies for a relevant mineral for a return period. (sec.39-ssec.2) For part 3 , the average price for each tonne or kilogram of the relevant mineral sold, disposed of or used in the return period must be worked out by reference to— the gross value of the mineral under the gross value royalty decision; or the method or formula for working out the gross value of the mineral under the decision. (sec.39-ssec.3) In this section— relevant mineral means coal, iron ore or uranium.
- (a) the gross value of the mineral under the gross value royalty decision; or
- (b) the method or formula for working out the gross value of the mineral under the decision.