sec.74NPetroleum royalty and annual rent

### sec.74N Petroleum royalty and annual rent From 31 December 2004, the holder must pay the State— petroleum royalty as required under the 2004 Act , chapter 6 ; and annual rent, as prescribed under a regulation. The annual rent must be paid in the way, and on or before the day, prescribed under a regulation under the 2004 Act . s 74N ins 2004 No. 26 s 46 amd 2007 No. 46 s 241 sch (sec.74N-ssec.1) From 31 December 2004, the holder must pay the State— petroleum royalty as required under the 2004 Act , chapter 6 ; and annual rent, as prescribed under a regulation. (sec.74N-ssec.2) The annual rent must be paid in the way, and on or before the day, prescribed under a regulation under the 2004 Act . - (a) petroleum royalty as required under the 2004 Act , chapter 6 ; and - (b) annual rent, as prescribed under a regulation.