Royalty assessments and reassessments

When you lodge a royalty return for a period, an assessment is made even if your liability is nil.

If a royalty return is not lodged, we can still make an assessment (a default assessment) if we are satisfied that there is a liability for the return period.

If we make a default assessment, you will also be liable for a penalty of 75% of the royalty assessed.

When your royalty liability has been incorrectly assessed, we can make a reassessment for the correct amount.

Generally, reassessments must be made within 5 years of the original assessment.

You must tell us within 30 days if you become aware that an assessment or reassessment was not, or is no longer, correct and the liability has been understated as a result.

If you think your royalty liability has been assessed incorrectly, you can request a reassessment. You can either:

• do this in QRO Online (see the steps to request a reassessment)
• send an email to royalty@treasury.qld.gov.au explaining why you are asking for a reassessment and include supporting documents.

Also consider…

• Find out about complying with royalty obligations.