The Australia Institute made a submission to the Northern Territory Government’s Consultation for designing an ad valorem mineral royalty scheme.
In our view, It is unclear that there is a need to change the NT mining royalty system. Following reforms in 2018, royalty revenue has increased substantially, and mining exploration investment is at a 10-year high. Proposals for change have come from a mining industry-aligned taskforce with potential conflicts of interest. The taskforce’s recommendations largely ignore the important role of royalty-related payments to indigenous organisations.