❓ Hon. Norman Moore questions the government's decision to introduce a royalty on limestone used as a neutralising agent, inquiring about production volume, revenue impact, and the number of affected producers. The answer reveals a reduction in revenue due to the amendment.
AnsweredQoN 197Legislative Council
QuestionView source ↗
I refer to the decision of the Government to amend the
Mining Act Regulations
to introduce a royalty of 30 cents per tonne on ‘Limestone including limesands and shellsands (used as a neutralising agent)’, and ask -
(1) What is the annual production in tonnes of the product now subject to a royalty?
(2) What is the predicted annual revenue to the Government as a result of this amendment to the
Mining Act Regulations
?
(3) How many producers are involved in mining limestone, including limesands and shellsands?
Mining Act Regulations
to introduce a royalty of 30 cents per tonne on ‘Limestone including limesands and shellsands (used as a neutralising agent)’, and ask -
(1) What is the annual production in tonnes of the product now subject to a royalty?
(2) What is the predicted annual revenue to the Government as a result of this amendment to the
Mining Act Regulations
?
(3) How many producers are involved in mining limestone, including limesands and shellsands?
AnswerView source ↗
Answered
23 October 2001
Responded by
Parliamentary Secretary representing the Minister for State Development
Response time
61 days
1. Approximately 800,000 tonnes. 2. Approximately $240,000, a reduction of about $160,000 as a result of this amendment. 3. Two for use as a neutralising agent. There are a further 16 producers mining limestone including limesands and shellsands, for other uses.
2. Approximately $240,000, a reduction of about $160,000 as a result of this amendment. 3. Two for use as a neutralising agent. There are a further 16 producers mining limestone including limesands and shellsands, for other uses.
3. Two for use as a neutralising agent. There are a further 16 producers mining limestone including limesands and shellsands, for other uses.
2. Approximately $240,000, a reduction of about $160,000 as a result of this amendment. 3. Two for use as a neutralising agent. There are a further 16 producers mining limestone including limesands and shellsands, for other uses.
3. Two for use as a neutralising agent. There are a further 16 producers mining limestone including limesands and shellsands, for other uses.
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