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Territory Revenue Office

Our Mission

To provide quality services:

·          by helping clients understand and meet their revenue responsibilities;

·          by applying revenue laws with fairness and equity; and

·          which support government decision making and policy development.

 

What's New

2012-13 Budget Revenue Measures

The 2012-13 Budget revenue measures have recently been announced by the Treasurer. Minor amendments are being made to clarify the operation of the parental leave exemptions in the Payroll Tax Act and clarify the taxation provisions in the Gaming Control Act. The abolition of stamp duty on non-land business property has also been deferred until the Territory's budgetary situation permits. View further information on the 2012-13 Budget Revenue Measures.

Revenue Unit Equal to $1.05 from 1 July 2012

On 22 February 2012, the Commissioner of Territory Revenue gazetted that, from 1 July 2012, the value of a revenue unit will be $1.05. View further information on the application of revenue units to calculating government fees and charges.

Company Convicted for Failure to Lodge Mineral Royalty Return

A company operating a mine in the Northern Territory pleaded guilty to a charge of failing to furnish a return to the Secretary, an offence against section 46 of the Mineral Royalty Act. On 16 April 2012 the Court of Summary Jurisdiction, at Darwin, found the company guilty of that offence. The Court proceeded to convict the company and imposed a fine of $500 coupled with a Victims Assistance Levy of $200.

 

Please note! TRO's provider of banking services changed to the National Australia Bank (NAB) from 1 February 2012. Payments made by electronic funds transfers have continued to be accepted to the previous account during a three month transition phase; however this will cease from 1 May 2012. From 1 May, any payments made to the previous account will be rejected which may give rise to a liability to pay interest and/or penalty tax should a tax default occur. If you make payment to TRO by EFT, please ensure your records have been updated to reflect the new bank account details below. Bank National Australia Bank BSB 085-933 Account No. 187 960 174 Account title NTT Territory Revenue Office Please ensure that you continue to insert your EFT payment code in the reference field when transmitting your payment to TRO. Direct Debit Registration Clients who use the Northern Territory Government direct debit facility for payroll tax payments are required to re-register in the new direct debit facility, NAB Transact. Register now for NAB Transact or click here for step-by-step instructions on how to register. BPAY Clients who remit funds by BPAY will not be affected by the change. The biller code and customer reference numbers remain the same.

 

Capital Recognition Deduction factors for the July to December 2011 period

The Capital Recognition Deduction factors, calculated pursuant to section 4C(6) of the Mineral Royalty Act, for the period July to December 2011 have been approved by the Secretary.

An updated schedule is available in Royalty Guideline RG-MRA-007: CRD Factors.

BuildBonus extension

The $10 000 BuildBonus grant was introduced in May 2011 to stimulate construction of affordable new homes and units and to give Territorians a helping hand into their own home.

On 29 December 2011 the Government announced that BuildBonus would be extended to 30 June 2012 and raised the property value and construction cost threshold to $600 000.

Click here for further information.

Mineral Royalty Overview and Guidelines

In August 2011 the Secretary for Royalties published a comprehensive Mineral Royalty Overview and a series of Mineral Royalty Guidelines.

The Mineral Royalty Overview outlines the administrative arrangements relating to the establishment, calculation and collection of mining royalties under the Mineral Royalty Act.

The Mineral Royalty Guidelines set out the Secretary's opinion as to the way the provisions of the Mineral Royalty Act apply to an act, matter or thing.

For more information please refer to the recently restructured royalty web pages.

Information Exchange For the purpose of administering Northern Territory taxation laws, the Territory Revenue Office exchanges information with other State and Territory Revenue Offices and the Australian Taxation Office (ATO) to assist in the proper identification and accurate assessment of taxation liabilities. In this regard, the sharing of information with other Revenue Offices and with the ATO across all taxation laws administered by the Territory Revenue Office, is carried out in accordance with Part 10 of the Taxation Administration Act, similar legislation in other States and Territories and under section 355-65 of Schedule 1 to the Commonwealth Taxation Administration Act 1953.

Northern Territory Government ABN: 84 085 734 992