Section 103 - Geothermal Energy Resources Act 2005 - Liability for, and rate of, royalty | Zoe

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Geothermal Energy Resources Act 2005

103Liability for, and rate of, royalty

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103 Liability for, and rate of, royalty

(1) The holder of an extraction licence must pay to the Minister a royalty in respect of all geothermal energy extracted from within the licence area.

(2) A royalty is only payable once under this Act in respect of any geothermal energy.