Royalty is payable under the Mineral Resources Act 1989 (in respect of minerals) and the Petroleum and Gas (Production and Safety) Act 2004 (in respect of petroleum).
Generally, royalty is payable in respect of mineral or petroleum which is sold, disposed of or used.
Royalty is generally payable on an ad valorem (value) basis, calculated as a percentage of the value of the mineral or petroleum.
See current royalty rates for details of the commodities subject to royalty and the rate at which royalty applies to each commodity.