sec.47Minister may amend geothermal royalty decision

sec.47 Minister may amend geothermal royalty decision

The Minister may amend a geothermal royalty decision applying to a geothermal producer if there has been a material change of circumstances since the making of the decision. If the Minister proposes to amend a geothermal royalty decision applying to a geothermal producer on the Minister’s own initiative, the Minister must— give the geothermal producer notice of the proposed change at least 60 business days before the first day of the next royalty return period to which the proposed amended royalty decision would apply; and invite the geothermal producer to make submissions about the proposed amendment within 30 business days (the submission period ) after giving the notice. In amending a geothermal royalty decision applying to a geothermal producer, the Minister— must consider any submissions made by the geothermal producer in the submission period; and may consider the matters stated in section 46 (3) (a) to (e) and (g) . If the Minister amends the geothermal royalty decision, the Minister must give the geothermal producer written notice of the decision and the reasons for the decision. The amended geothermal royalty decision must state the period to which the decision applies. (sec.47-ssec.1) The Minister may amend a geothermal royalty decision applying to a geothermal producer if there has been a material change of circumstances since the making of the decision. (sec.47-ssec.2) If the Minister proposes to amend a geothermal royalty decision applying to a geothermal producer on the Minister’s own initiative, the Minister must— give the geothermal producer notice of the proposed change at least 60 business days before the first day of the next royalty return period to which the proposed amended royalty decision would apply; and invite the geothermal producer to make submissions about the proposed amendment within 30 business days (the submission period ) after giving the notice. (sec.47-ssec.3) In amending a geothermal royalty decision applying to a geothermal producer, the Minister— must consider any submissions made by the geothermal producer in the submission period; and may consider the matters stated in section 46 (3) (a) to (e) and (g) . (sec.47-ssec.4) If the Minister amends the geothermal royalty decision, the Minister must give the geothermal producer written notice of the decision and the reasons for the decision. (sec.47-ssec.5) The amended geothermal royalty decision must state the period to which the decision applies.

• (a) give the geothermal producer notice of the proposed change at least 60 business days before the first day of the next royalty return period to which the proposed amended royalty decision would apply; and
• (b) invite the geothermal producer to make submissions about the proposed amendment within 30 business days (the submission period ) after giving the notice.