307Royalty

307 Royalty (1) This section applies if a licence authorises a licensee to— (a) take a native animal; or (b) take a native plant; or

(c) take native timber. Note Native timber—see s 139. (2) If the licensee sells or otherwise disposes of an animal, plant or timber taken under the licence, the licensee must pay royalty for the animal, plant or timber to the Territory at the rate prescribed by regulation. Note Power to make a statutory instrument (including a regulation) includes power to make different provision in relation to different matters or different classes of matters, and to make a regulation that applies differently by reference to stated exceptions or factors (see Legislation Act, s 48).