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Petroleum (Onshore) Regulation 2016
42Rate of royalty: section 85
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42 Rate of royalty: section 85
42 Rate of royalty: section 85
(Former clause 23 of 2007 Reg)
For the purposes of section 85 (2) of the Act, the prescribed annual rate of royalty is 10% of the value at the well-head of the petroleum.