Mineral Resources (Royalty) Regulation 2025
sec.21Revenue commissioner may require royalty payable to be worked out under s 18
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sec.21 Revenue commissioner may require royalty payable to be worked out under s 18
This section applies if— a person has previously made an election under section 20 (3) ; and the revenue commissioner considers the person did not have a reasonable basis for forming the belief mentioned in section 20 (1) (a) for the election. The revenue commissioner may give the person a notice stating that the amounts payable by the person for the first and second months of 1 or more return periods must be worked out under section 18 (2) . The person may not make an election under section 20 (3) for a return period to which the notice relates. (sec.21-ssec.1) This section applies if— a person has previously made an election under section 20 (3) ; and the revenue commissioner considers the person did not have a reasonable basis for forming the belief mentioned in section 20 (1) (a) for the election. (sec.21-ssec.2) The revenue commissioner may give the person a notice stating that the amounts payable by the person for the first and second months of 1 or more return periods must be worked out under section 18 (2) . (sec.21-ssec.3) The person may not make an election under section 20 (3) for a return period to which the notice relates.
- (a) a person has previously made an election under section 20 (3) ; and
- (b) the revenue commissioner considers the person did not have a reasonable basis for forming the belief mentioned in section 20 (1) (a) for the election.