(1) In addition to the
rent prescribed in Schedule 2, a lessee shall pay rent calculated at the
rate of 25 cents per tonne of all forms of iron ore obtained from the mining
lease after the expiry of the period of 15 years from —
(a) the
day on which iron ore is or was first obtained from that mining lease by the
lessee; or
(b) the
day on which the Mining Amendment Regulations 1996 came into operation,
whichever is the later
day.
(2) The rent shall be
paid at any mining registrar’s office within 30 days after the
expiry of each quarterly period during which the iron ore was obtained from
the mining lease.
(3) A lessee shall, on
each occasion that rent is paid under this regulation, lodge a return, in a
form approved by the Minister, showing in full the details required to
calculate the rent.
[Regulation 28A inserted: Gazette
13 Sep 1996 p. 4598; amended: Gazette 15 Jan 2010
p. 102 and 136; 18 Mar 2011 p. 915.]