50Limitation on resource acquisition fee

50 Limitation on resource acquisition fee

50 Limitation on resource acquisition fee

(1916 Act, s 30AA)

The Corporation is not entitled to a resource acquisition fee in respect of any timber or forest products—

(a) derived from trees that have been established on land that is the subject of a forestry right, and

(b) taken in accordance with the forestry right and any restriction on use or covenant imposed in connection with the forestry right,

unless the forestry right is granted by the Corporation.