77Rent and administration fee

77 Rent and administration fee (1) The annual rent payable for the title area of a mineral title is the amount specified for the title in Schedule 1, Part 2. (2) No GST is payable in relation to the rent. (3) If rent is payable for each hectare of a title area, and the title area does not divide equally into hectares, rent is payable for the remaining area as if it were a whole hectare. (4) The annual administration fee payable for a mineral title (except an EMEL) is the amount specified for the title in Schedule 1, Part 3. (5) Before the start of the second and each subsequent operational year, the holder of a mineral title (except an EMEL) must pay the rent and administration fee for the title. Notes for subregulation (5) 1 See regulation 60 for payment of rent before the grant of a mineral title. Mineral Titles Regulations 2011 42 2 See section 67 of the Act for payment of rent before the renewal of a mineral (6) If a title holder does not pay the rent or administration fee as required by subregulation (5), the Minister must give the title holder a notice requiring payment within 30 days from the date of the notice. (7) If the title holder does not pay the rent or administration fee as required under subregulation (5), the Minister may take action under section 105(3) of the Act for a contravention of section 95(1) Note for subregulation (7) Regulations 67 and 68 set out the procedures for the cancellation mentioned in section 105(3) of the Act. (8) Despite subregulation (5), the Minister may waive all or part of the amount payable by the title holder, but only if satisfied there are circumstances that justify the waiver. (9) To avoid doubt, a person who is required to pay annual rent or an annual administrative fee must pay the rent or fee for the full operational year of the mineral title even if the title ceases to be in force, or is renewed, before the end of the year. Note for regulation 77 See section 16(4) of the Act for the application of Schedule 1 to part of a block.