Mineral Resources Regulations 2026

In these regulations –

Act means the Mineral Resources Development Act 1995;

Australian Accounting Standards means the Australian Accounting Standards, made by the Australian Accounting Standards Board, as in force from time to time;

building and dimension stone means stone used – for ornamental purposes; or in walls, floors or roofs of structures; or as a paving stone;

financial year has the same meaning as in the Corporations Act 2001 of the Commonwealth;

holder’s financial year means the financial year for the holder of a mineral tenement;

iron ore pellet means a pellet that is produced by combining iron ore concentrate with other materials;

metal means a metallic mineral, specified in Part 1 of Schedule 4, refined to an elemental state;

mineral concentrate means the product of a chemical or physical process of extracting a metal from a mineral ore that results in the enrichment of that metal;

mineral ore means the naturally occurring material from which one or more minerals of economic value can be extracted;

net sales, in relation to a mineral, means the amount received from the sale of – if a mineral concentrate has not been produced from the mineral ore, the mineral itself (less sale costs); or if a mineral concentrate has been produced from the mineral ore, the mineral concentrate (less sale costs); or if an iron ore pellet has been produced, the iron ore concentrate within the pellet (less sale costs);

quarter means – a period of 3 months ending on 31 March, 30 June, 30 September or 31 December in any year; or any other approved period;

sale costs means costs reasonably incurred by a lessee, or licensee, for the purposes of making a mineral ore, or mineral concentrate, available for sale outside the site of its production and includes – costs incurred by a lessee, or licensee, in transporting a mineral ore, or mineral concentrate, from the site of its production to the point of sale; and costs incurred by a lessee, or licensee, in preparing or refining a mineral ore, or mineral concentrate, outside the site of its production; and costs incurred by a lessee, or licensee, in arranging or effecting sale, or delivery, of a mineral ore or mineral concentrate;

year means any 4 consecutive quarters used for accounting purposes.