Levy and security
All mining activities authorised under the Mining Management Act 2001 are required to pay a security and an annual levy.
The security is for the payment of costs if action needs to be taken by the NT Government (NTG) to prevent, minimise or rectify environmental harm:
- caused by mining activities on or off the site
- for completion of rehabilitation.
The amount payable is based on the disturbance likely to be caused by the mining activities. A 10% discount also applies, to offset the impact to the industry.
To fund projects that address the Northern Territory’s (NT) legacy mining liabilities, an annual levy of 1% must also be paid on the security. This is non-refundable.
Operation of the levy
The levy is based on the level of security held for each operator’s site as at 1 July each year.
The levy amount will not change, even if the security increases in that 12-month period.
The costs used in calculating the security amount are:
- set by the NTG
- based on third party costs.
For example, the costs that would be incurred by the NTG should it have to step in and do the work itself.
This results in rates that are higher than those that the mining operator would incur if they had done the work themselves.
Use of levy revenue
The levy is used to support the Mining Remediation Fund.
This is a fund:
- for minimising or rectifying environmental harm caused by legacy mining
- to address risks from legacy mining to minimise the liability to the NT.
Last updated: 31 March 2022
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