12DRoyalty return

12D Royalty return

[Regulation 12D Inserted by S.R. 2017, No. 61, Applied:01 Oct 2017]

(1)  The holder of a fishing licence (King Island kelp) must, within 2 weeks after the end of each royalty period, submit to the Secretary a return for that royalty period.

Penalty:  Grade 2 penalty.

(2)  A return under subregulation (1) is to –

(a) be in a form approved by the Secretary; and

(b) contain any details, calculations or information that the Secretary determines are appropriate.

(3)  The Secretary is to –

(a) in accordance with regulation 12C , calculate the royalty payable under this Part; and

(b) issue the holder of a fishing licence (King Island kelp) with an invoice for the royalty payable.