REGULATORY
New royalty rules push for clearer mineral reporting, setting a transparency benchmark for the battery era
9 Oct 2025
Australia’s battery ambitions have entered a more careful phase. From September 2025, Queensland’s updated mining royalty regime will reshape how the state’s lithium, nickel, cobalt and copper producers report their earnings, placing transparency at its core.
The Mineral Resources (Royalty) Regulation 2025 replaces a decade-old framework and compels miners to separate market-based mineral values from internal transfer prices. Standardised currency conversions and stricter documentation are meant to make profit calculations clearer and tax assessments fairer.
Though the regulation stops short of naming lithium, its new valuation fields cover much of the battery-mineral spectrum. The change aligns with a national push to capture more value from critical resources, as Australia seeks to climb the clean-energy supply chain from miner to manufacturer. “Our goal is a modern, consistent approach that supports both growth and fairness,” said a spokesperson from the Queensland Revenue Office.
The reform may also burnish the industry’s image. Analysts say stricter disclosure could boost investor confidence by bringing reporting closer to international norms. Yet compliance will not be painless: smaller miners warn of higher administrative costs. The true effects will emerge only once firms adapt over the coming year.
The timing is apt. Demand for battery materials continues to surge as electric-vehicle production expands worldwide. Australia, already the planet’s largest lithium supplier, is under pressure to refine more of what it digs up. National schemes such as the Battery Breakthrough Initiative aim to keep more value onshore. Queensland’s tighter reporting rules add a layer of scrutiny to that ambition.
Whether the new framework becomes a national template remains to be seen. For now, the state is testing a principle as old as mining itself: clearer books make for steadier ground.
9 Oct 2025
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