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Iron Ore (Mount Goldsworthy) Agreement Act 1964
5AVariation of Agreement to increase rates of royalty
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##### 5A. Variation of Agreement to increase rates of royalty
(1) In this section —
Agreement means the agreement a copy of which is set out in the First Schedule —
(a) as varied from time to time in accordance with its provisions; and
(b) as varied by these agreements —
(i) the first Variation Agreement;
(ii) the second Variation Agreement;
(iii) the third Variation Agreement.
(2) Clause 9(2)(j) of the Agreement is varied —
(a) in subparagraph (ii) by deleting “3.75%” and inserting —
5.625%
(b) in subparagraph (iia)(B) by deleting “3.75%” and inserting —
5.625%
(c) in subparagraph (iii) by deleting “3.25%” and inserting —
5%
(3) Clause 9(2)(j)(ii), (iia)(B) and (iii) of the Agreement as varied by subsection (2) operate and take effect despite —
(a) any other provision of the Agreement; and
(b) any other agreement or instrument; and
(c) any other Act or law.
(4) Nothing in this section affects the amount of royalty payable under clause 9 of the Agreement in respect of any period before the commencement of the *Iron Ore Agreements Legislation Amendment Act 2010* Part 7 1.
[Section 5A inserted: No. 34 of 2010 s. 16.]