142Payment of rent for non-compliant existing interest

142 Payment of rent for non-compliant existing interest (1) Rent is payable for a non-compliant existing interest in accordance with the repealed Act for the period the existing interest continues in force, as mentioned in section 204(2) of the Act, until the Minister takes action under section 204(3) of the Act. (2) If the Minister converts the non-compliant existing interest to a mineral title: (a) rent is payable for the mineral title under regulation 77 from the day the title is issued; and (b) the holder of the non-compliant existing interest must pay the rent and any other fee in connection with the mineral title before the Minister may issue the title; and (c) the Minister must take into account rent already paid for the non-compliant existing interest and adjust the rent payable under regulation 77 accordingly. (3) If the Minister does not convert the non-compliant existing interest to a mineral title, but takes an action mentioned in section 204(3)(b) to (d) of the Act, the Minister may refund to the former holder of the existing interest the amount of rent paid for the remaining period of the current rental period for the interest. Division 2 Northern Territory Civil and Administrative Tribunal (Conferral of Jurisdiction Amendments) (No. 2) Act 2014