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New royalties database improves efficiency

Posted On July 22, 2013

 

Hon Bill Marmion BE MBA MLA

  • New Royalties Management System to improve collection and audit of more than $5billion of royalty revenue each year
  • Royalties from mining fund education, health and community safety
  • Part of a State Government commitment to improve efficiency
  • The State Government has introduced a new online Royalties Management System (RMS) as part of its commitment to improve efficiency.

Mines and Petroleum Minister Bill Marmion said the new Department of Mines and Petroleum (DMP) system would include an online lodgment facility and an audit management tool.

The DMP’s Royalties Management System would provide a central record for royalty information.

“The improved online interface will save a significant amount of time, eliminating the need for data re-entry, which will free up staff time for other royalty assessment and audit tasks,” Mr Marmion said.

“This will provide greater reliability of royalty data, an improved payments process and automated accounting systems.”

The Minister said other improvements included more efficient workflow, audit planning, reporting, industry query responses and e-file management.

“Over time the RMS will also result in an increase in the online lodgment of returns and reports, creating further efficiencies in the administration, collection and auditing of more than $5billion of annual royalty revenue,” he said.

“As royalty revenue has become a major component of the State Budget, so has the importance of its administration, which will be greatly improved by a more effective online data lodgement service, resulting in a reduced operational burden on industry.”

The system allows royalty staff to have a dashboard of daily tasks and activities on their own home page, including audits to be completed, outstanding royalty returns and payments, recent communications, and daily payments received.

“This will allow management to more effectively monitor activities in ‘real-time’, as well as manage staff resources more efficiently,” Mr Marmion said.  

The RMS effectively allocates and monitors audit activities to ensure submitted royalty returns are verified according to the audit program and tracked for performance.

An additional benefit is the new system effectively links up with a number of other DMP online processes such as Minedex, Comms Manager, e-file record systems and the Mineral Titles eMiTs system.

“During the 2011-12 financial year the State Government, through DMP, collected more than $5.3billion in royalties from mineral and petroleum producers in Western Australia,” Mr Marmion said.

“More than $4.4billion comes from mining, with the funds used by the State Government for law enforcement, education, health, roads and community development programs.”

Fact File

  • In 2011-12, WA’s mining and petroleum industry was valued at $106billion
  • Iron ore is the State’s most valuable commodity, followed by petroleum, gold, alumina, and nickel
  • For every job directly employed in the mining industry, another three are created indirectly through sectors such as hospitality, retail, IT, support services and manufacturing

Source: ProjectLink.com.au

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