Section 105 - Geothermal Energy Resources Act 2005 - When royalty must be paid | Zoe

VICIn ForceAct

Geothermal Energy Resources Act 2005

105When royalty must be paid

Start here

Get a plain-English read of 105

Turn the raw legal text into a practical explanation grounded in Geothermal Energy Resources Act 2005.

Ask Zoe about this section View in full context

105 When royalty must be paid

(1) Any royalty required by this Division must be paid in the manner specified in the relevant extraction licence and within the time specified in the licence.

(2) If an extraction licence does not specify when or how royalty is to be paid under the licence, the holder of the licence must pay any royalty required by this Division in the manner, and within the time, specified by the regulations.