Western Australian Current Acts Western Australian Current Acts (1) Where a fee or an
amount of royalty under this Act is not paid under this Division at or before
the time when the fee or the amount of royalty is payable there is payable to
the Minister by the permittee, lessee, licensee, infrastructure licensee or
pipeline licensee an additional amount calculated at the rate of one-third of
1% per day upon the amount of the fee or royalty from time to time remaining
unpaid to be computed from the time when the amount became payable until it is
paid.
(2) An additional
amount in respect of royalty is not payable under subsection (1) in respect of
any period before the expiration of 7 days after the value of the petroleum
was agreed or determined under section 147.
[Section 150 amended: No. 12 of 1990 s. 248; No.
42 of 2010 s. 161.]