Queensland Consolidated Acts

MINERAL RESOURCES ACT 1989 - SECT 138

138 Rental payable on exploration permit

(1) Rental for the first year of the term of an exploration permit (its
"first rental period" ) is payable before the granting of the permit under part 2 or 3 (the
"original permit" ).

(2) On the renewal of an exploration permit, rental is payable—

(a) for the first year of the term of the renewed permit; and

(b) within 20 business days after the renewal is granted.

(3) For each year an exploration permit is in force, rental for the whole year (other than its first rental period) is payable on or before the anniversary of—

(a) for an original permit—the grant of the permit; or

(b) for a renewed permit—the day the term of the renewed permit started.

Note—

For when the term of a renewed permit starts, see section 147D .

(4) The amount of the rental payable for each year is calculated by multiplying the number of sub-blocks to which the permit applies by the amount prescribed under a regulation for the year.