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Petroleum (Onshore) Regulation 2016
43Rate of royalty: Mining Act 1992, section 286
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43 Rate of royalty: Mining Act 1992, section 286
43 Rate of royalty: Mining Act 1992, section 286
(Former clause 24 of 2007 Reg)
For the purposes of Division 3 of Part 14 of the Mining Act 1992, the prescribed annual rate of royalty is 10% of the value at the well-head of the petroleum.