86CAmount of term administrative levy—the Act, s 292M

#### 86C Amount of term administrative levy—the Act, s 292M 86C Amount of term administrative levy—the Act, s 292M > > (1) For the Act, section 292M, the amount of a term administrative levy is the amount calculated in accordance with this clause. > > > (2) The amount of the term administrative levy for an authorisation is the relevant annual administrative levy multiplied by the term of the authorisation. > > > (3) The relevant annual administrative levy is the amount of the annual administrative levy that would be payable under clause 86 if the authorisation was not a small-scale title. > > > (4) The term of the authorisation is the number of years for which the authorisation is— > > > > > (a) granted, or > > > > > (b) for liability for an administrative levy arising on the renewal of a mineral claim—renewed. > > > (5) A period of less than a year for which an authorisation is granted or renewed must be counted as a year. > > > (6) The period for which a mineral claim is renewed must include any period during which, before its renewal, the mineral claim continues to have effect because of the Act, section 197(3). > > **cl 86C:** Ins 2022 (802), Sch 1\[46\].