sec.430Rate of royalty

sec.430 Rate of royalty

Subject to this section, the Minister may, by instrument in writing, decide the rate of royalty payable for a mineral of a kind specified in the instrument. Without limiting subsection (1) , the rates of royalty decided under that subsection may include a rate that is related to the landed value, or to the quantity, of the mineral. A rate of royalty decided under subsection (1) applies to any mineral of the relevant kind recovered under a mining lease during the period when the rate is in force. A decision about a rate of royalty under subsection (1) takes effect on the day on which the decision instrument is published in the Gazette . (sec.430-ssec.1) Subject to this section, the Minister may, by instrument in writing, decide the rate of royalty payable for a mineral of a kind specified in the instrument. (sec.430-ssec.2) Without limiting subsection (1) , the rates of royalty decided under that subsection may include a rate that is related to the landed value, or to the quantity, of the mineral. (sec.430-ssec.3) A rate of royalty decided under subsection (1) applies to any mineral of the relevant kind recovered under a mining lease during the period when the rate is in force. (sec.430-ssec.4) A decision about a rate of royalty under subsection (1) takes effect on the day on which the decision instrument is published in the Gazette .