Queensland Consolidated Acts

MINERAL RESOURCES ACT 1989 - SECT 321AA

321AA Regulation may not decrease royalty rate for coal

(1) A regulation may not—

(a) prescribe a coal rate that is lower than the coal rate in effect immediately before the commencement of the regulation; or

(b) amend a regulation that prescribes a coal rate so that the coal rate under the amended regulation is lower than the coal rate in effect immediately before the commencement of the amending regulation; or

(c) repeal a regulation that prescribes a coal rate unless, immediately after the repeal, a coal rate is in effect that is not lower than the coal rate in effect immediately before the commencement of the repealing regulation.

(2) In this section—

"coal rate" means the rate of royalty for coal.