Under current Victorian regulations, gold is the only mineral exempt from royalties. This places Victoria as the only major gold producing jurisdiction that does not collect a return on gold production - which means Victorians do not receive the full benefit of the state's mineral assets.
In the 2019-20 Victorian State Budget, the government announced it would remove the exemption, and a royalty of 2.75 per cent would apply to gold produced under a mining licence from 1 January 2020. The proposed amendment to the Mineral Resources (Sustainable Development) (Mineral Industries) Regulations 2019 implements this decision.
The Regulatory Impact Statement outlines the change to the state's royalty regime, and provides an impact assessment showing gold production in Victoria is unlikely to be affected by the presence of the royalty because producers are expected to remain profitable. The gold royalty will ensure the broader community receives a return on the resources it owns.
We welcome all feedback on the regulatory impact statement and draft Regulations before 5.00pm on 21 October 2019. Submissions can be made via the comment box, or by uploading a file below.
Privacy collection notice
The information provided in your submission will be collected by the department and provided to the Minister for Resources and the Scrutiny of Acts and Regulations Committee to consider before making the proposed Mineral Resources (Sustainable Development) (Mineral Industries) Amendment Regulations 2019. This information is being collected in accordance with Section 6 of the Subordinate Legislation Act 1994.
The department may do the following with your submission, after removing your name, if you have requested anonymity, and, in all cases, removing your other personal information*:
- publish a copy of your redacted submission on the department's website, or other Victorian Government website for transparency and accountability. Victorian Government websites are accessible worldwide and allow any person to view your submission;
- quote directly from your submission in documentation; and
- make your submission available to other Victorian Government agencies.
* Personal information includes address, geographical location information, phone numbers or email addresses.
Your submission may remain on external servers, even once the department has removed it from the Victorian Government website. All submissions are available to the public under the Freedom of Information Act 1982, unless you request confidential status.
If you are making comment as an organisation, your comments may be published, including the name of your organisation.
If you are making comments as an individual, the only information we will publish will include your comments. All identifying information will be removed from the submission before it’s published.
Personal information that is collected by the department will be used by, and disclosed to, departmental employees or contractors whose duties require them to use it. Such employees and contractors are required to protect and handle your personal information in accordance with the Privacy and Data Protection Act 2014 and any other applicable legislation regulating the collection, use, disclosure, storage and destruction of personal information.
Freedom of Information Officer
Department of Jobs, Precincts and Regions
GPO Box 2392
Melbourne, VIC, 3001, AUS
Tel: (+61 3) 9208 3112
The Department of Jobs, Precincts and Regions values your personal information and protects your privacy in compliance with the Privacy and Data Protection Act 2014. For details on how the information provided in your statement will be treated, please see the privacy collection notice below and the department’s privacy statement at djpr.vic.gov.au/privacy