129Certain payments to be made by State to Commonwealth

#### 129 Certain payments to be made by State to Commonwealth 129 Certain payments to be made by State to Commonwealth > > (1) The Treasurer shall, not later than the last day of each month of the year, pay to the Commonwealth amounts ascertained in accordance with the formula— > > > > %20AND%20(No%3D023)%20AND%20(Year%3D1982)%20AND%20(%22Historical%20Document%22%3D0))/g1.gif) > > where— > > > > A is the amount of royalty payable under this Act, together with the amount, if any, payable by reason of late payment of that royalty, by a permittee, lessee or licensee in respect of petroleum recovered in the adjacent area under the permit, lease or licence and received by the Minister during the preceding month, and > > > > B is the percentage rate at which royalty is payable under this Act by the permittee, lessee or licensee in respect of that petroleum. > > > (2) The Consolidated Fund is appropriated to the extent necessary for the purposes of this section. > > **s 129:** Am 1986 No 59, Sch 7 (27); GG No 131 of 15.8.1986, p 3967; 2014 No 37, Sch 4.5 \[3\].