186Prescribed substance – royalty payments

186 Prescribed substance – royalty payments (1) A person specified in an authority under Part III of the Atomic Energy Act who conducts activities for mining a prescribed substance in the Ranger Project Area is liable to pay a royalty in relation to the prescribed substance in accordance with an agreement between the person and the Commonwealth. (2) The holder of an ML relating to a prescribed substance is liable to pay a royalty in relation to the prescribed substance mined in the title area: (a) to the Crown, in right of the Territory, on behalf of the Commonwealth; and (b) in accordance with the applied law. (3) If, because of section 17(2) of the Uranium Royalty Act, the Territory must pay to the Commonwealth an amount equal to the whole or part of a received amount that has been refunded under the applied law: (a) the amount must be paid from the public moneys of the Territory; and (b) the appropriation for that purpose is established or increased to the extent necessary. applied law, see section 4 of the Uranium Royalty Act. received amount, see section 17(1) of the Uranium Royalty Act.

Mineral Titles Act 2010 95