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Offshore Minerals Act 1994
425Payments by the Commonwealth to the States—Royalty Act payments
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#### 425 Payments by the Commonwealth to the States—Royalty Act payments
(1) The Commonwealth must pay to each State 60% of royalties payable under the Royalty Act in respect of minerals in the Commonwealth‑State offshore area for that State.
(2) Payments under subsection (1) are to be made not later than the end of the month that follows the month in which the royalties concerned were received by the Commonwealth.
(3) In this section:
> royalty includes any penalty for late payment of royalty.