Offshore Minerals Act 1998
sec.435State to pay 40% of royalties to Commonwealth
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sec.435 State to pay 40% of royalties to Commonwealth
The State must pay to the Commonwealth 40% of royalties received under this division. Payments under subsection (1) must be made not later than the end of the month that follows the month in which the royalties were received. In this section— royalty includes any penalty for late payment of royalty. (sec.435-ssec.1) The State must pay to the Commonwealth 40% of royalties received under this division. (sec.435-ssec.2) Payments under subsection (1) must be made not later than the end of the month that follows the month in which the royalties were received. (sec.435-ssec.3) In this section— royalty includes any penalty for late payment of royalty.