Victorian Numbered Regulations Victorian Numbered Regulations(1) This regulation applies to production and royalty returns for relevant periods commencing on or after 1 July 2019.
(2) Within 30 days after the end of each relevant period, the holder of a mining licence or prospecting licence must give the Department Head a production and royalty return for the relevant period that—
(a) contains the information specified in subregulation (3); and
(b) is in the form approved by the Department Head.
Penalty: 20 penalty units.
(3) For the purposes of subregulation (2), the information is—
(a) the quantity of lignite produced under the licence during the relevant period and the value of the net wet specific energy content of that lignite used for the purpose of the calculation of the royalty; and
(b) if the licence area includes Crown land, the quantity of tailings resulting from work under the licence on Crown land that were disposed of during the relevant period; and
(c) the following details for each other mineral produced under the licence (if any)—
(i) the type and quantity of the mineral produced under the licence during the relevant period;
(ii) the net market value of the mineral;
(iii) the costs taken into account in calculating the net market value;
(iv) any other information used in the calculation of the net market value.
(4) In this regulation—
"relevant period" means—
(a) a financial year for which royalties must be paid; or
(b) if the Minister varies the period for which royalties must be paid under regulation 5(2), the varied period.