Western Australian Current Acts

IRON ORE (MOUNT BRUCE) AGREEMENT ACT 1972 - SECT 4A

4A.         Variation of Agreement to increase rates of royalty

        (1)         Clause 12(1)(h) of the Agreement is varied —

            (a)         in subparagraph (ii) by deleting “three and three quarter per centum (3¾%)” and inserting —

                5.625%

            (b)         in subparagraph (iii) by deleting “fifteen (15) cents per ton;” and inserting —

        5.625% of the f.o.b. revenue (computed as aforesaid);

            (c)         in subparagraph (iv) by deleting “fifteen (15) cents per ton;” and inserting —

        5% of the f.o.b. revenue (computed as aforesaid);

        (2)         Clause 12(1)(h)(ii), (iii) and (iv) of the Agreement as varied by subsection (1) operate and take effect despite —

            (a)         any other provision of the Agreement; and

            (b)         any other agreement or instrument; and

            (c)         any other Act or law.

        (3)         Nothing in this section affects the amount of royalty payable under clause 12 of the Agreement in respect of any period before the commencement of the Iron Ore Agreements Legislation Amendment Act 2010 Part 6.

        [Section 4A inserted: No. 34 of 2010 s. 13.]