94ARoyalties

94A Royalties (1) The Minister may determine the following: (a) a royalty on any material removed from the land to which a licence relates; (b) if a licensee removes more or different material from the land to which the licence relates than the licensee is entitled – a royalty that is additional to the royalty determined under paragraph (a) (an additional royalty). (2) For subsection (1), the Minister may determine the manner in which a royalty or an additional royalty is calculated and the time and place of payment for a royalty or an additional royalty. (3) A royalty, the manner in which the royalty is calculated and the time and place of payment is to be specified in the licence. (4) The Minister may review a royalty determined under subsection (1)(a) and may determine a different royalty or manner in which the royalty is calculated at any time during the term of the licence. (5) An additional royalty, the manner in which the additional royalty is calculated and the time and place of payment may be determined: (a) at any time during the term of the licence; or (b) at the end of the term of the licence; or (c) if the licence is surrendered or cancelled – at or after the date of the surrender or cancellation. (6) The Minister may review an additional royalty determined under subsection (1) and may determine a different additional royalty or manner in which the additional royalty is calculated. Crown Lands Act 1992 47 (7) The Minister may, if the Minister considers it appropriate, do any of the following in relation to a royalty or additional royalty determined under subsection (1): (a) exempt a licensee from payment of the royalty or additional royalty; (b) waive (wholly or partly) payment of the royalty or additional royalty; (c) refund (wholly or partly) the royalty or additional royalty.