Revenue Legislation (Fees and Other Matters) Amendment Regulation 2019

1Short title

This regulation may be cited as the Revenue Legislation (Fees and Other Matters) Amendment Regulation 2019.

2Commencement

(1)Section 10 commences on 30 June 2019.

(2)The remaining provisions commence on 1 July 2019.

3Regulation amended

This part amends the Duties Regulation 2013.

4Amendment of s 7 (Fee for instrument lodged on which duty is not imposed)

Section 7, ‘$40.40’—
omit, insert—

$41.30

5Amendment of sch 4 (Fee payable for administrative function)

(1)Schedule 4, paragraph (a), ‘5.25’—
omit, insert—

5.35

(2)Schedule 4, paragraph (b), ‘1.65’—
omit, insert—

1.70

6Regulation amended

This part amends the Geothermal Energy Regulation 2012.

7Amendment of s 64 (Application of pt 7)

Section 64, ‘2020’—
omit, insert—

2030

8Regulation amended

This part amends the Land Tax Regulation 2010.

9Amendment of s 3 (Application for clearance certificate)

(1)Section 3(2)(a), ‘$33.90’—
omit, insert—

$34.65

(2)Section 3(2)(b), ‘$42.00’—
omit, insert—

$42.90

10Amendment of s 4 (Prescribed period and documents for taxpayer’s election to pay land tax by instalments)

Section 4(a)(i), ‘21’—
omit, insert—

35

11Regulation amended

This part amends the Mineral Resources Regulation 2013.

12Insertion of new s 63A

After section 63—
insert—

63AReference to gross value royalty decision for working out average price of particular minerals

(1)This section applies if a gross value royalty decision applies for a relevant mineral for a return period.

(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—

(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.

(3)In this section—

relevant mineral means coal, iron ore or uranium.

13Insertion of new ch 3, pt 5, div 3, sdiv 1A

Chapter 3, part 5, division 3—
insert—

Subdivision 1A Expired gross value royalty decisions

63BUse of expired gross value royalty decision

(1)This section applies if—

(a)a gross value royalty decision for a mineral (the original decision) states that the decision applies for a particular period; and

(b)before the period ends (the expiry)—

(i)the holder for the mineral applies under section 60 for a gross value royalty decision for the mineral (the new decision) proposed to take effect immediately after the expiry; or

(ii)the Minister, under section 61(3), gives the holder for the mineral a notice stating that the Minister proposes to make a gross value royalty decision for the mineral (also the new decision) to take effect immediately after the expiry; and

(c)on the expiry, the Minister has not made the new decision.

(2)For mineral sold, disposed of or used by the holder for the mineral during the period starting immediately after the expiry and ending when a notice for the new decision is given to the holder under section 63(5)—

(a)the holder, in complying with the holder’s obligations under the Act, must—

(i)work out the gross value of the mineral as if the original decision continues to apply to the mineral; and

(ii)if the mineral is a relevant mineral—work out the average price as required under section 63A as if the original decision continues to apply to the relevant mineral; and

(b)the Minister must make any assessment of the amount of royalty payable for the mineral as if the original decision continues to apply to the mineral.

(3)This section applies subject to section 63C.

(4)In this section—

relevant mineral means coal, iron ore or uranium.

63CMinister must reassess amount of royalty payable if particular expired gross value royalty decisions used

(1)This section applies if—

(a)the Minister makes the new decision mentioned in section 63B(1); and

(b)the new decision applies for a return period starting during the period mentioned in section 63B(2); and

(c)the Minister has made an assessment of the amount of royalty payable by the holder for the mineral for the return period without having regard to the new decision.

(2)The Minister must reassess, under section 331B of the Act, the amount of royalty payable by the holder for the mineral for the return period having regard to the new decision.

Note—

On the making of a reassessment, see section 332AA of the Act for the Minister’s obligation to refund any excess amount.

(3)Subsection (4) applies if the reassessment period, as defined in section 331B(4) of the Act, has expired in relation to the return period.

(4)For section 331B(5)(b) of the Act, a reassessment required under subsection (2) decreasing the amount of royalty payable for the mineral by the holder for the return period must be made after the reassessment period.

(5)Subsection (6) applies if, on a reassessment under subsection (2), the holder for the mineral is liable for a royalty penalty amount, unpaid royalty interest or a civil penalty (each a relevant liability).

(6)The Minister must remit the relevant liability to the extent it is payable solely because of the operation of subsection (2).

14Insertion of new ch 4, pt 11

Chapter 4—
insert—

Part 11 Transitional provision for Revenue Legislation (Fees and Other Matters) Amendment Regulation 2019

113Application of ch 3, pt 5, div 3, sdiv 1A to existing gross value royalty decisions

Chapter 3, part 5, division 3, subdivision 1A applies in relation to a gross value royalty decision for a mineral made before the commencement if the period stated in the decision for which the decision applies ends on or after 1 July 2019.

15Amendment of sch 3 (Royalty payable for minerals)

Schedule 3, section 5(2), ‘sold, disposed of or used’—
omit, insert—

sold or disposed of for consumption, or used,

16Amendment of sch 5 (Fees)

Schedule 5, part 7, items 1 and 2, ‘195.35’—
omit, insert—

199.70

17Regulation amended

This part amends the Petroleum and Gas (Royalty) Regulation 2004.

18Amendment of s 133 (Fee for late lodgement of royalty return—Act, s 595)

Section 133, ‘$195.35’—
omit, insert—

$199.70

19Amendment of s 148 (Working out wellhead value of petroleum)

Section 148—
insert—

(7)If a petroleum royalty decision applies for the petroleum for a royalty return period or annual return period, the wellhead value of the petroleum for the period must be worked out using—

(a)the value of 1 or more components of the wellhead value of the petroleum under the decision; or

(b)the method or formula for working out the value of 1 or more components of the wellhead value of the petroleum under the decision.

20Amendment of sch 12 (Dictionary)

Schedule 12, definition component, ‘subdivision 2,’—
omit.

21Regulation amended

This part amends the State Penalties Enforcement Regulation 2014.

22Amendment of s 22 (Warrant issue fee)

Section 22, ‘$116.85’—
omit, insert—

$119.45

23Amendment of s 23 (Civil enforcement fee)

Section 23, ‘$116.85’—
omit, insert—

$119.45

24Amendment of s 27 (Registration fee)

Section 27, ‘$69.80’—
omit, insert—

$71.35

25Regulation amended

This part amends the Taxation Administration Regulation 2012.

26Amendment of s 4 (Prescribed method of payment—Act, s 29)

(1)Section 4(2), definition electronic payment method, paragraphs (d) and (e), after ‘credit card’—
insert—

or an approved credit card

(2)Section 4(2)—
insert—

approved credit card means a credit card approved by the commissioner by a notice published on the department’s website.