Amendments to duties concession for farm-in agreements

News story:
On 28 November 2018, the Minister for Finance announced amendments to the duties concession for farm-in agreements involving mining tenements.
Tractor mowing wheat field.

The amendments will restore the historical operation of the concession and ensure that eligible agreements continue to qualify for duty relief. Amendments will also exclude agreements from accessing the duty concession where the exploration amount involves expenditure in connection with mining operations or capital costs associated with the construction of mining infrastructure.

For more information, please refer to the Minister’s Media Statement and Circular 19 ‘Amendments to Farm-in Concession’.

Page reviewed 13 January 2020

Published

28 November 2018

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