The amount of levy
payable in respect of a mine for a quarter is the amount (in dollars) equal to
L in the formula —
where —
H is the number of
assessed hours for the quarter; and
R is —
(a) for
a quarter that begins on or after 1 July 2020 and ends on or before
30 June 2024 — $0.17;
(b) for
a quarter that begins on or after 1 July 2024 — $0.16;
(c) for
a quarter that begins on or after 1 July 2025 — $0.155.
[Regulation 8 amended: Gazette
21 Jun 2011 p. 2250; 28 Aug 2012 p. 4141;
28 Jun 2013 p. 2827-8; 26 Jun 2015 p. 2262;
24 Jun 2016 p. 2329; 23 Jun 2017 p. 3291;
25 Jun 2018 p. 2306; SL 2020/93 r. 6; SL 2024/97
r. 13; SL 2025/90 r. 15.]