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Mineral Resources Tasmania

Rents

Rent is set by the number of 'fee units', defined under the Mineral Resources Regulations 2016. Treasury updates the value of a fee unit on an annual basis, determining the total amount of rent for leases and licences.

New rental structures come into effect on the 1st of July of each year.

Rental rates for the current period can be found below, or download a PDF here.

MRT RENTS under the Mineral Resources Regulations 2016
as at 1 July 2024 (GST Exempt)
$AUD
Exploration licence for Category 4 minerals: - for each square kilometre per year 
(a) for each of first 2 years$5.32
(b) for each subsequent year$8.02
Exploration licence for all other minerals: - for each square kilometre per year 
(a) for each of first 2 years$33.94
(b) for each subsequent year$67.88
Special exploration licence: - for each square kilometre per year 
(a) for each of first 2 years$5.32
(b) for each subsequent year$8.02
Retention licence: - for each square kilometre per year 
(a) Coal, petroleum, coal seam gas or geothermal substances$1,608.20
(b) Minerals other than coal, petroleum, coal seam gas, or geothermal substances$3,207.05
Mining Lease 
- per hectare for each financial year$28.29 (minimum - $565.86)