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IRON ORE (ROBE RIVER) AGREEMENT ACT 1964 - SECT 4A

4A .         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;

                  (iv)         the fourth variation agreement;

                  (v)         the fifth variation agreement.

        (2)         Clause 9(2)(j) 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 “aforesaid);” and inserting —


        aforesaid) until 30 June 2010 and thereafter at the rate of 5.625% of the f.o.b. value (computed as aforesaid);


            (c)         in subparagraph (iv) by deleting “one shilling and sixpence (1/6d) per ton;” and inserting —


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


        (3)         Clause 9(2)(j)(ii), (iii) and (iv) 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 10 1 .

        [Section 4A inserted: No. 34 of 2010 s. 23.]



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