Victorian Bills

[Index] [Search] [Download] [Related Items] [Help]


This is a Bill, not an Act. For current law, see the Acts databases.


MINES (ALUMINIUM AGREEMENT) (BROWN COAL ROYALTIES) BILL 2005

                 PARLIAMENT OF VICTORIA

      Mines (Aluminium Agreement) (Brown Coal
                 Royalties) Act 2005
                             Act No.


                       TABLE OF PROVISIONS
Clause                                                          Page
  1.   Purpose                                                     2
  2.   Commencement                                                2
  3.   New sections 11 and 12 inserted                             2
       11.     Royalties for lignite                               2
       12.     Transitional                                        3
                          

ENDNOTES                                                           4




                                i
551384B.I1-4/10/2005                   BILL LA INTRODUCTION 4/10/2005

 


 

PARLIAMENT OF VICTORIA A BILL to amend the Mines (Aluminium Agreement) Act 1961 to make provision with respect to royalties for lignite and for other purposes. Mines (Aluminium Agreement) (Brown Coal Royalties) Act 2005 Preamble The State and Alcoa of Australia Pty Ltd ("Alcoa") entered into an agreement on 22 November 1961 with respect to the establishment of an industrial facility to produce aluminium products. The agreement was ratified, validated, approved and otherwise given effect to by the Mines (Aluminium Agreement) Act 1961. 1 551384B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005

 


 

Mines (Aluminium Agreement) (Brown Coal Royalties) Act 2005 s. 1 Act No. Among other things, the agreement-- (a) identified a certain area of land as the "leased area"; and (b) gave Alcoa an exclusive right to use any coal won from the leased area; and (c) specified the rate at which royalties were to be paid by Alcoa in respect of the coal. It is expedient to amend the Mines (Aluminium Agreement) Act 1961 to specify a new rate of royalties payable by Alcoa in respect of any lignite (otherwise known as brown coal) taken by Alcoa from the leased area. The Parliament of Victoria therefore enacts as follows: 1. Purpose The purpose of this Act is to amend the Mines (Aluminium Agreement) Act 1961 to make provision with respect to royalties for lignite. 2. Commencement 5 This Act comes into operation on a day to be proclaimed. 3. New sections 11 and 12 inserted See: After section 10 of the Mines (Aluminium Act No. Agreement) Act 1961 insert-- 10 6829 and '11. Royalties for lignite amending Act No. (1) This section applies if the Company mines 10115. LawToday: lignite in accordance with this Act and the www.dms. Agreement and has effect despite anything to dpc.vic. gov.au the contrary in this or any other Act or the 15 Agreement. 2 551384B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005

 


 

Mines (Aluminium Agreement) (Brown Coal Royalties) Act 2005 s. 3 Act No. (2) The Company must pay royalties for the lignite in accordance with the prescribed rate. (3) For the purposes of sub-section (2), "prescribed rate" has the same meaning as 5 it has in section 12A(3) of the Mineral Resources Development Act 1990 for the purposes of section 12A(2) of that Act. 12. Transitional The amendments made to this Act by the 10 Mines (Aluminium Agreement) (Brown Coal Royalties) Act 2005 do not affect the rate at which royalties are payable in respect of any lignite produced before the commencement of that Act.'. 15 3 551384B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005

 


 

Mines (Aluminium Agreement) (Brown Coal Royalties) Act 2005 Endnotes Act No. ENDNOTES By Authority. Government Printer for the State of Victoria. 4 551384B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005

 


 

 


[Index] [Search] [Download] [Related Items] [Help]