The Northern Territory owns all minerals (other than uranium) and all reserves of petroleum onshore and in coastal waters. Royalties are imposed on minerals extracted (except uranium) and on petroleum production.
All persons intending to commence production of a commercial quantity of a saleable mineral commodity must notify the mineral royalty Secretary by submitting a Mineral Royalty Act Section 11 Notification of Information form.
As the payment of petroleum royalties is governed by the Petroleum Act and a legally enforceable written agreement between a licensee and the Treasurer, all persons intending to produce petroleum must contact the Territory Revenue Office.
For further information regarding Northern Territory mineral and petroleum royalty obligations (including payment and lodgement of returns), please refer to Territory Revenue Office???s website at http://www.treasury.nt.gov.au/TaxesRoyaltiesAndGrants/Royalties/Pages/default.aspx.