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Reporting and paying royalties for riverine quarry materials Each month, you must advise us of the amount of quarry material, if any, that you have taken. You may also need to pay royalties for any quarry material taken from state lands - watercourses and lakes not contained within a surveyed freehold land parcel are commonly state lands.
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* Significant Freehold Quarry (Grafton Region) * Fully approved and licensed sandstone quarry on 40.47ha (freehold) * Estimated over 13,500,000T of material remaining. * Sales of materials 16/17 Financial year of $626,310 This operational quarry along with Earthmoving business are now for sale. Available FREEHOLD or owner will sell separate.
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The quarry industry is lobbying the government to have its high-volume, low-value sector exempted from the tax, as originally proposed in the Henry tax review. Peak body Cement Concrete Aggregate Australia said quarries were usually on private land and 85-90 per cent of their products did not attract royalties.
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