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Loophole In Mining Act Costs Crown Thousands in Royalties
Sydney report to the Legislative Assembly says Broken Hill South Ltd paid about £155,988 in royalties due to mining law technicalities. The Public Service Board discussed possible reassessment and estimated that the Crown could lose around £100,000 if transfers were allowed. Broken Hill South argued the transfer would relieve royalty obligations, potentially maintaining £84,613 annual revenue.
MENTIONED IN THIS ARTICLE
Sydney
Broken Hill South Ltd
Public Service Board
Legislative Assembly
I Dich
Crown
Broken Hill South
O'Conner
Broken Sn South
Fou Bouth
Cen Dee le Segal