Western Australian Current Acts

IRON ORE (MOUNT GOLDSWORTHY) AGREEMENT ACT 1964 - SECT 5A

5A .         Variation of Agreement to increase rates of royalty

        (1)         In this section —

        Agreement means the agreement a copy of which is set out in the First Schedule —

            (a)         as varied from time to time in accordance with its provisions; and

            (b)         as varied by these agreements —

                  (i)         the first Variation Agreement;

                  (ii)         the second Variation Agreement;

                  (iii)         the third Variation Agreement.

        (2)         Clause 9(2)(j) of the Agreement is varied —

            (a)         in subparagraph (ii) by deleting “3.75%” and inserting —

                5.625%

            (b)         in subparagraph (iia)(B) by deleting “3.75%” and inserting —

                5.625%

            (c)         in subparagraph (iii) by deleting “3.25%” and inserting —

                5%

        (3)         Clause 9(2)(j)(ii), (iia)(B) and (iii) of the Agreement as varied by subsection (2) 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.

        (4)         Nothing in this section affects the amount of royalty payable under clause 9 of the Agreement in respect of any period before the commencement of the Iron Ore Agreements Legislation Amendment Act 2010 Part 7 ¹ .

        [Section 5A inserted: No. 34 of 2010 s. 16.]