NSWIn ForceAct
Offshore Minerals Act 1999
435State to pay 40% of royalties to Commonwealth
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435 State to pay 40% of royalties to Commonwealth
435 State to pay 40% of royalties to Commonwealth
(1) The State is to pay to the Commonwealth 40% of royalties received under this Division.
(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 were received.
(3) In this section:
royalty includes any interest or penalty tax for late payment of royalty.
s 435: Am 2014 No 37, Sch 4.3 [8].