Victorian Numbered Regulations Victorian Numbered Regulations(1) This regulation applies to payment of royalties for a period commencing on or after 1 July 2019.
(2) For the purposes of section 12(1)(b) and (2) of the Act, the time by which royalties are to be paid is—
(a) within 30 days after the date on which the Department Head receives the production and royalty return under regulation 8 for the period for which royalties are to be paid; or
(b) a later date determined by the Minister under subregulation (3).
(3) The Minister, by notice in writing to the licence holder, may determine a date by which royalties are to be paid, which must be later than the date by which royalties otherwise are to be paid in accordance with subregulation (2)(a).