The OSR has also advised that the Qld Government has confirmed the announcement made in the 2011-12 Mid-Year Fiscal and Economic Review, released on 13 January 2012, that duty will apply to the transfer of a prospecting permit, exploration permit or authority to prospect issued under resources legislation. Landholder duty may also apply. The OSR has released details of its administrative treatment pending legislative amendments and notes the changes will apply from the time of the announcement (ie 10:30am on 13 January 2012).
[LTN 123, 28/6]