Tenements Update: costs savings and stamp duty

This month's update shares our tenement management costs savings running list, in response to client requests for cost savings ideas, and the State Revenue Legislation Amendment Bill's proposal to include exploration licenses and assessment leases as "interests in land" for stamp duty purposes and for mining information to form part of the land value for stamp duty calculation.

Costs savings running list

There are ways to reduce costs in tenement management and here are some suggestions on how to do this.

Bank guarantees returned

Bank guarantees attract holding charges. Final reports on tenements set aside in busy times may be completed, lodged and result in return of the bank guarantee security.