A new report by advisory firm Deloitte Access Economics has shown that company taxes and royalties paid by Australia’s world-leading minerals sector increased by A$8-billion in 2018-19 to a record A$39.3-billion.
Increasing tax and royalty contributions from the minerals sector in line with revenue growth reflect continued higher production and strong commodity prices, the report, which was commissioned by the Minerals Council of Australia (MCA) found.