34Liability to pay royalty under lease

34 Liability to pay royalty under lease (1) The Minister may include a condition in each geothermal production lease that the lease holder must pay to the Minister a royalty in relation to all geothermal energy extracted under the lease. (2) The regulations may prescribe any of the following: (a) the rate at which a royalty is payable by each lease holder; (b) the method of calculating the rate of payment of a royalty; (c) the frequency and manner of payment of royalties; (d) matters incidental to the payment of royalties.