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Australian Government - Department of Foreign Affairs and Trade

Advancing the interests of Australia and Australians internationally

Australian Government - Department of Foreign Affairs and Trade

Advancing the interests of Australia and Australians internationally

Australian Safeguards and Non-Proliferation Office

Annual Report 1999-2000

Uranium Producers Charge

Uranium producers pay an amount that has generally corresponded to 40% of ASNOs annual costs for safeguards activities.

The current arrangements were introduced through the Nuclear Safeguards (Producers of Uranium Ore Concentrates) Act 1993, to recover some of the costs of ASNOs activities which the then Government decided were of significant benefit to industry. The Act provides for each producer to pay an annual charge, prescribed by regulation, up to a maximum of $500,000.

Following a review as part of the Governments overhaul of business regulation, in June 1997 it was recommended that the charge on uranium producers be retained, but in a different formthe charge would be a safeguards fee per kilogram of productionwhich was seen as a fairer mechanism than the previous flat fee. The fee would include a component for future costs, that is, the ongoing costs in respect of AONM which could remain in the fuel cycle for a considerable period after the originating mine had ceased production.

In November 1999 the fee was set at 8.6456 cents per kilogram of contained uranium produced during 199899, which yielded $468,260 for Consolidated Revenue.

Picture: View of Australias next uranium mine - photograph courtesy Heathgate Resources Pty Ltd

View of Australias next uranium minephotograph courtesy Heathgate Resources Pty Ltd

 

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