sec.203Royalties in relation to mining on Aboriginal land

sec.203 Royalties in relation to mining on Aboriginal land

This section applies if the State receives an amount (the royalty amount ), by way of royalty under the Mineral Resources Act 1989 , the Petroleum and Gas (Production and Safety) Act 2004 or the Geothermal Energy Act 2010 , in relation to land that is Aboriginal land. The trustee of the land is entitled to receive, out of money appropriated by the Parliament, the percentage prescribed for the purposes of this subsection of the total royalty amount received in a financial year and must apply the amount received for the benefit of the Aboriginal people for whose benefit the trustee holds the land, particularly those that are affected by the activities to which the royalty amount relates. s 203 amd 2004 No. 25 s 941 ; 2008 No. 29 s 49 ; 2011 No. 26 s 75 ; 2010 No. 31 s 493 sch 2 pt 4 (sec.203-ssec.1) This section applies if the State receives an amount (the royalty amount ), by way of royalty under the Mineral Resources Act 1989 , the Petroleum and Gas (Production and Safety) Act 2004 or the Geothermal Energy Act 2010 , in relation to land that is Aboriginal land. (sec.203-ssec.2) The trustee of the land is entitled to receive, out of money appropriated by the Parliament, the percentage prescribed for the purposes of this subsection of the total royalty amount received in a financial year and must apply the amount received for the benefit of the Aboriginal people for whose benefit the trustee holds the land, particularly those that are affected by the activities to which the royalty amount relates.