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Mineral Resources (Royalty) Regulation 2025
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Turn the raw legal text into a practical explanation grounded in Mineral Resources (Royalty) Regulation 2025.
This section applies if— before the commencement, an assessment of royalty payable for a mineral was made based on the amount included as the gross value of the mineral in the royalty return for the mineral; and when the assessment was made, the revenue commissioner had not made a gross value royalty decision for the mineral. The assessment is taken to be as valid as the assessment would have been had section 34(2) been in force when the assessment was made. Anything done or purportedly done as a result of, or in reliance on, the assessment is taken to be, and always to have been, as valid and lawful as it would have been if, at the time the assessment was made, section 34(2) had been in force. (sec.57-ssec.1) This section applies if— before the commencement, an assessment of royalty payable for a mineral was made based on the amount included as the gross value of the mineral in the royalty return for the mineral; and when the assessment was made, the revenue commissioner had not made a gross value royalty decision for the mineral. (sec.57-ssec.2) The assessment is taken to be as valid as the assessment would have been had section 34(2) been in force when the assessment was made. (sec.57-ssec.3) Anything done or purportedly done as a result of, or in reliance on, the assessment is taken to be, and always to have been, as valid and lawful as it would have been if, at the time the assessment was made, section 34(2) had been in force.