62How the mine stability levy is to be paid

62 How the mine stability levy is to be paid

(1) For the purposes of section 38AAE of the Act—

(a) the mine stability levy is payable in respect of each financial year; or

(b) if the Minister, under subregulation (3), varies the period in respect of which the mine stability levy is payable, the mine stability levy is payable in respect of the varied period.

(2) For the purposes of section 38AAE of the Act, the mine stability levy is to be paid—

(a) within 28 days after the end of the period in respect of which the mine stability levy is payable under subregulation (1); or

(b) by a later date determined by the Minister under subregulation (4).

(3) The Minister, by notice in writing to the licence holder, may vary the period in respect of which the mine stability levy is payable.

(4) The Minister, by notice in writing to the licence holder, may determine a date by which the mine stability levy is to be paid, which must be later than the date by which the mine stability levy otherwise is to be paid in accordance with subregulation (2)(a).