46Fees or royalties for mining on Aboriginal land

#### 46 Fees or royalties for mining on Aboriginal land 46 Fees or royalties for mining on Aboriginal land > > (1) All fees and royalties payable in respect of mining on land owned by a Local Aboriginal Land Council are payable to the New South Wales Aboriginal Land Council and not the Local Aboriginal Land Council. > > > (2) Such fees and royalties together with the fees and royalties payable to the New South Wales Aboriginal Land Council in respect of mining on its land must, when received by it, be paid into a separate account in a bank, building society or credit union to be called the Mining Royalties Account. > > > (3) Money to the credit of the Mining Royalties Account is to be disbursed, in accordance with the regulations, as follows— > > > > > (a) 40 per cent is to be paid to the New South Wales Aboriginal Land Council, > > > > > (b) the balance, in so far as it is derived from the fees and royalties payable in respect of mining on land owned by a Local Aboriginal Land Council, is to be paid to the Local Aboriginal Land Council. > > > (4) Money to the credit of the Mining Royalties Account may be invested in any manner authorised by the regulations pending its disbursement in accordance with this section. > > **s 46:** Subst 1990 No 60, Sch 6 (7). Am 1996 No 24, Sch 1.