Western Australian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

OFFSHORE MINERALS ACT 2003 - SECT 430

430 .         Rate of royalty

        (1)         Subject to this section, the Minister may, by instrument in writing, determine the rate of royalty payable for a mineral of a kind specified in the instrument.

        (2)         Without limiting subsection (1), the rates of royalty determined under that subsection may include a rate that is related to the landed value, or to the quantity, of the mineral.

        (3)         A rate of royalty determined under subsection (1) applies in relation to any mineral of the relevant kind recovered under a mining licence during the period when the rate is in force.

        (4)         A determination of a rate of royalty under subsection (1) takes effect on the day on which the instrument of determination is published in the Gazette .



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback