Royalties
In NSW, royalty is payable for coal, petroleum and certain minerals.
Royalties are a key revenue source for the NSW Government. In 2022-23, coal provided about $4.5 billion in royalty and minerals and petroleum provided about $164 million.
Royalties go into consolidated revenue for allocation through the budget process.
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 (from July 1 2024) | Open cut coal | 10.8% |
| Underground coal | 9.8% | |
| Deep underground coal | 8.8% |
| 4% royalty rate | ||
|---|---|---|
| Agate | Gold | Rare earth minerals |
| Antimony | Graphite | Rhodonite |
| Apatite | Ilmenite | Rubidium |
| Arsenic | Indium | Ruby |
| Asbestos | Iron minerals | Rutile |
| Beryllium minerals | Jade | Sapphire |
| Bismuth | Lead | Scandium and its ores |
| Cadmium | Leucoxene | Selenium |
| Caesium | Lithium | Silver |
| Chalcedony | Manganese | Strontium minerals |
| Chromite | Marine aggregate | Sulphur |
| Cobalt | 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 |
| Germanium | Quartz crystal | 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 |