Royalties
In NSW, royalty is payable for coal, petroleum and certain minerals.
Royalties are a key revenue source for the NSW Government. In 2021-22, coal provided about $3.5 billion in royalty and minerals and petroleum provided about $200 million.
Royalties go into consolidated revenue for allocation through the budget process. The NSW Government has set aside a portion of coal royalties for the Royalties for Rejuvenation fund.
Royalty rates
Value-based royalty
Value-based royalty is charged as a percentage of assessable revenue less allowable deductions.
| Royalty rate | ||
|---|---|---|
|
Petroleum |
onshore and offshore |
10% |
| Coal |
Open cut coal |
8.2% |
| Underground coal | 7.2% | |
| Deep underground coal | 6.2% |
| 4% royalty rate | ||
|---|---|---|
|
Agate |
Germanium |
Quartz crystal |
|
Antimony |
Gold |
Rare earth minerals |
|
Apatite |
Graphite |
Rhodonite |
|
Arsenic |
Ilmenite |
Rubidium |
|
Asbestos |
Indium |
Ruby |
|
Beryllium minerals |
Iron minerals |
Rutile |
|
Bismuth |
Jade |
Sapphire |
|
Cadmium |
Lead |
Scandium and its ores |
|
Caesium |
Leucoxene |
Selenium |
|
Chalcedony |
Lithium |
Silver |
|
Chromite |
Manganese |
Strontium minerals |
|
Cobalt |
Marine aggregate |
Sulphur |
|
Columbium |
Mercury |
Tantalum |
|
Copper |
Molybdenite |
Thorium |
|
Corundum |
Monazite |
Tin |
|
Cryolite |
Nephrite |
Topaz |
|
Diamond |
Nickel |
Tourmaline |
|
Emerald |
Niobium |
Tungsten and its ores |
|
Emery |
Oil shale |
Turquoise |
|
Galena |
Ores of silicon |
Vanadium |
|
Garnet |
Platinum |
Zinc |
| Geothermal substances | Platinum group minerals |
Zirco |
| Zirconia |
Fixed-rate royalty
| 35 cents a tonne | ||
|---|---|---|
|
Agricultural lime |
Chert |
Gypsum |
| Bauxite | Clay/shale | Structural clay |
| 40 cents a tonne | ||
|---|---|---|
|
Calcite |
Halite (incl. solar salt) |
Magnesium salts |
| Dolomite | Limestone | Potassium salts |
| Sodium salts |
| 70 cents a tonne | ||
|---|---|---|
|
Barite |
Magnesite |
Pyrophyllite |
|
Bentonite (including Fuller's Earth) |
Marble |
Quartzite |
|
Borates |
Mica |
Reef quartz |
|
Chlorite |
Mineral pigments |
Serpentine |
|
Diatomite |
Olivine |
Sillimanate-group minerals |
|
Dimension stone |
Peat |
Staurolite |
|
Feldspathic materials |
Perlite |
Talc |
|
Fluorite |
Phosphates |
Vermiculite |
| Kaolin | Potassium minerals |
Wollastonite |
| Zeolites |