IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Feb 2015 | Removal date: open ended
Still in force

FDI: Financial incentive

On 19 December 2014, the Western Australian authorities have extended the Magnetite Financial Assistance Program (cf. Related Measures) to junior iron ore mining companies. The scheme encompasses rebates of up to 50% for a maximum period of one year on hematite (an iron ore compound) royalties. However, the scheme will only be available if the price of iron ore remains below 90 AUD/tonne.
Similarly to the initial Magnetite Financial Assistance Program, the rebate will be awarded on a case-by-case basis.
The first rebates shall be available starting February 2015.
 
 

AFFECTED COUNTRIES

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