Minerals Development Act 2017

Licence fee for prospecting licence or retention licence

28. (1) The Minister, with the prior consent of the Minister for Public Expenditure and Reform, shall prescribe the licence fee for granting or renewing a prospecting licence or a retention licence and the schedule for paying that fee in instalments.

(2) The licence fee may be different for different types of licences, for different types of minerals and for different areas to be prospected.

(3) The Minister, when determining the amount of the licence fee, shall have regard to the following factors:

(a) the costs associated with administering this Part;

(b) the fee charged for similar licences in other jurisdictions;

(c) the goal of encouraging prospecting for minerals in the State.

(4) Every prospecting licence and retention licence is subject to the condition that the licensee shall pay the licence fee in accordance with the payment schedule prescribed by the Minister under subsection (1).