Western Australian Current Acts Western Australian Current Acts (1) Subject to this
section, a licence holder must pay a penalty to the Minister in respect of any
fee or amount of royalty that the holder fails to pay when it becomes payable.
(2) The penalty is to
be calculated —
(a) on
the amount of the fee or royalty that remains unpaid; and
(b) at
the rate of 0.33% for each day during which the fee or royalty is unpaid.
(3) A penalty is not
payable under subsection (1) on an amount of royalty in respect of any period
until 7 days after —
(a) the
landed value of the mineral has been agreed or determined under section 432,
where the rate of royalty is related to the landed value of the mineral; or
(b) the
quantity of the mineral has been agreed or determined under section 433, where
the rate of royalty is related to the quantity of the mineral recovered.