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The Commissioner has updated the public ruling on the determination of royalty for prescribed and specified minerals. (MRA002.2)

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

Eligible transaction

Issued date
10 October 2024
  • A contract for the freehold purchase of a new home in regional Queensland, if the commencement date is between 4 June 2020 and 31 March 2021 (both dates inclusive)
  • A comprehensive home building contract made by the freehold owner of land in regional Queensland (or a person who will become the freehold owner) to have a new home built on the land, if the commencement date is between 4 June 2020 and 31 March 2021 (both dates inclusive)
  • The building of a new home in regional Queensland by an owner–builder, if the commencement date is between 4 June 2020 and 31 March 2021 (both dates inclusive)

The transaction is not an eligible transaction if:

  • the consideration for the transaction is $750,000 or more
  • or
  • the unencumbered value of the new home and the unencumbered value of the applicant’s freehold interest in the land on which the new home is built or to be built is $750,000 or more at the commencement date for the transaction.