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The 2026–27 Queensland Budget was released on 23 June 2026. Read more

Public Ruling MRA005.1 sets out the terms of an administrative arrangement about mineral royalty provisional pricing adjustments. Learn more

Queensland Government - Queensland Revenue Office
Queensland Government - Queensland Revenue Office

Calculating petroleum royalty

Petroleum royalty is calculated by applying a prescribed rate to the petroleum produced during a return period.

Aerial view of mining vehicles in a mining site Aerial view of mining vehicles in a mining site

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State Budget 2026
The 2026–27 Queensland Budget was released on 23 June 2026.
23 June 2026
New public ruling on mineral royalty provisional pricing adjustments administrative arrangement
Public Ruling MRA005.1 sets out the terms of an administrative arrangement about mineral royalty provisional pricing adjustments.
22 June 2026
New public ruling for shared equity programs
Public Ruling GEN013 clarifies how revenue and grants legislation applies to participants in shared equity programs.
19 June 2026