sec.90BApportionment of annual levy among mining tenure holders

sec.90B Apportionment of annual levy among mining tenure holders

This section provides for the apportionment of the total annual levy payable by mining tenure holders for a financial year to classes of mining tenure holders. The total annual levy related to mining tenure holders must be apportioned among the mining tenure holders as follows— for a mining tenure holder who does not hold a levyable mining tenure on the relevant date for the financial year—nil; for each mining tenure holder who holds a class A tenure or class B tenure on the relevant date for the financial year—by multiplying the number of hectares, including any part of a hectare, in the tenure by the amount worked out for the tenure under section 90A (3) (a) or (b) ; for each mining tenure holder who holds a class C tenure on the relevant date for the financial year—by multiplying the number of resource projects that include the tenure by the amount worked out for each project under section 90A (3) (c) . s 90B ins 2019 SL No. 242 s 11 (sec.90B-ssec.1) This section provides for the apportionment of the total annual levy payable by mining tenure holders for a financial year to classes of mining tenure holders. (sec.90B-ssec.2) The total annual levy related to mining tenure holders must be apportioned among the mining tenure holders as follows— for a mining tenure holder who does not hold a levyable mining tenure on the relevant date for the financial year—nil; for each mining tenure holder who holds a class A tenure or class B tenure on the relevant date for the financial year—by multiplying the number of hectares, including any part of a hectare, in the tenure by the amount worked out for the tenure under section 90A (3) (a) or (b) ; for each mining tenure holder who holds a class C tenure on the relevant date for the financial year—by multiplying the number of resource projects that include the tenure by the amount worked out for each project under section 90A (3) (c) .

• (a) for a mining tenure holder who does not hold a levyable mining tenure on the relevant date for the financial year—nil;
• (b) for each mining tenure holder who holds a class A tenure or class B tenure on the relevant date for the financial year—by multiplying the number of hectares, including any part of a hectare, in the tenure by the amount worked out for the tenure under section 90A (3) (a) or (b) ;
• (c) for each mining tenure holder who holds a class C tenure on the relevant date for the financial year—by multiplying the number of resource projects that include the tenure by the amount worked out for each project under section 90A (3) (c) .