Deductible ore not? NT Supreme Court digs into meaning of ‘operating costs’

Angela Wood, Annemarie Wilmore, Daniel Osvath & George Hempenstall review a recent decision which considers whether three heads of expenditure incurred in relation to mining activities were deductible for the purposes of calculating mineral royalty liability.

The recent decision of the Northern Territory Supreme Court in Groote Eylandt Mining Company Pty Ltd v Secretary for Mineral Royalties (NT) [2019] NTSC 58 considers whether three heads of expenditure incurred in relation to mining activities were deductible for the purposes of calculating mineral royalty liability under section 10 of the Mineral Royalty Act 1982 (NT) (“MRA”). To be deductible, the expenditure must be an “operating cost” as defined in the MRA.OverviewThe Court considered three...

Sign in below or register now to read the full article

Authors: Angela Wood, Annemarie Wilmore,

Published Date: 26 July 2019