Transport and Regional Services
Christmas Island Phosphates — royalty reduction
| 2006-07 | 2007-08 | 2008-09 | 2009-10 | |
|---|---|---|---|---|
| Department of Transport and Regional Services(a) | -0.3 | -0.4 | -0.5 | -0.8 |
- Non-tax revenue.
The Government will reduce the royalty rate levied on phosphate mined on Christmas Island to align it with royalty rates levied on mainland producers to ensure that phosphate mining operations on Christmas Island are not disadvantaged. The royalty rate will be reduced from 5 per cent to 2 per cent between 2006‑07 and 2009‑10, reducing by 1 per cent each eighteen months, with the first reduction taking place on 1 July 2006.