South Australian Numbered Acts South Australian Numbered Acts31—Substitution of section 18
Section 18—delete the section and substitute:
18—Passing of property in minerals
(1) Property in minerals recovered from mineral land passes to the tenement holder (including to the proprietor of a private mine), on the day on which a determination of the value of the minerals is made for the purposes of assessing royalty payable on the minerals under section 17 or, if royalty is not payable on the minerals, on recovery of the minerals.
(2) The liability of a tenement holder (including the proprietor of a private mine) to pay royalty to the Crown in respect of minerals recovered from mineral land arises when property in the minerals passes to the tenement holder or the proprietor.
(3) A liability under subsection (2)
is a debt due to the Crown.