Petroleum and Gas (Royalty) Regulation 2004
LegislationReferenced in 2 bills
Royalty Legislation Amendment Bill 2020
This bill overhauls how Queensland charges royalties on petroleum production, replacing the old wellhead value method with a simpler volume-based model from 1 October 2020. It also brings mineral and petroleum royalty administration under the Taxation Administration Act 2001, creating a consistent framework with state taxes.
Revenue and Other Legislation Amendment Bill 2019
This bill implements 2019-20 Queensland Budget revenue measures across land tax, payroll tax, and petroleum royalties. It raises the payroll tax exemption threshold to help smaller businesses, introduces a higher payroll tax rate for large employers, increases land tax on large corporate landholdings and foreign owners, lifts the petroleum royalty rate, and provides a payroll tax discount for regional employers.