Timber Promotion Act 1970
9Additional royalty for promotion purposes
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9 Additional royalty for promotion purposes
[Section 9 Subsection (5) amended by No. 25 of 1994, s. 45 and Sched. 3 ]
(1) The Minister may, by order made on the recommendation of the Board, fix an additional royalty to be paid in respect of timber obtained for sawmilling purposes.
(2) An order under this section may determine the rate of the additional royalty, the timber in respect of which it is fixed, and the manner in which it is to be assessed in respect of any timber.
(3) The amount of the royalty payable under the Principal Act in respect of timber in respect of which an additional royalty is fixed under this Act, being timber that is obtained after the commencement of this Act under a forest permit or a licence granted under the Principal Act (whether that permit or licence was so granted before or after that commencement) is increased by the amount of that additional royalty.
(4) Subject to this Act the provisions of the Principal Act relating to the payment and recovery of royalties, and the application of the proceeds thereof, apply to royalties the amount of which is increased under this section.
(5) Where any timber is sold by the Forestry corporation under the Principal Act the amount of the additional royalty fixed under this section in respect of that timber shall be specified in the contract under which the timber is sold; and in fixing the consideration to be paid for any such timber the Forestry corporation shall have regard to the sums required to be paid in respect thereof under paragraph (b) of subsection (1) of section ten.
(6) Where the Commission has, before the commencement of this Act, entered into a contract for the sale to any person of timber in respect of which an additional royalty is fixed under this section, that contract shall be deemed, by virtue of this subsection, to have been varied so that the consideration required to be paid thereunder for any of such timber that is delivered to that person after the commencement of this Act is increased by the amount of the additional royalty fixed under this section in respect of that timber.