sec.66Existing application for gross value royalty decision

sec.66 Existing application for gross value royalty decision

This section applies if— before the commencement, the holder for a mineral applied to the revenue commissioner for a gross value royalty decision for the mineral under section 60(2) of the expired regulation; and immediately before the commencement, the application had not been decided. For a mineral sold, disposed of, or used after the commencement, the application is taken to have been made under section 35(2) and must be decided under this regulation. Anything done in relation to the application mentioned in subsection (2) is taken to have been done in relation to the application to be decided under this regulation. For a mineral sold, disposed of, or used before the commencement, the application must be decided under the expired regulation as if this regulation had not been made. A decision under subsection (4) is taken to be a gross value royalty decision made under section 38(2). The notice about the decision under subsection (4) given under section 63(5) of the expired regulation is taken to be a notice given to the person under section 38(6). (sec.66-ssec.1) This section applies if— before the commencement, the holder for a mineral applied to the revenue commissioner for a gross value royalty decision for the mineral under section 60(2) of the expired regulation; and immediately before the commencement, the application had not been decided. (sec.66-ssec.2) For a mineral sold, disposed of, or used after the commencement, the application is taken to have been made under section 35(2) and must be decided under this regulation. (sec.66-ssec.3) Anything done in relation to the application mentioned in subsection (2) is taken to have been done in relation to the application to be decided under this regulation. (sec.66-ssec.4) For a mineral sold, disposed of, or used before the commencement, the application must be decided under the expired regulation as if this regulation had not been made. (sec.66-ssec.5) A decision under subsection (4) is taken to be a gross value royalty decision made under section 38(2). (sec.66-ssec.6) The notice about the decision under subsection (4) given under section 63(5) of the expired regulation is taken to be a notice given to the person under section 38(6).

• (a) before the commencement, the holder for a mineral applied to the revenue commissioner for a gross value royalty decision for the mineral under section 60(2) of the expired regulation; and
• (b) immediately before the commencement, the application had not been decided.