(1) The holder of a mineral title must pay fees and rent in relation to the title as prescribed by regulation.
(2) A regulation may provide for a matter relevant to the payment of a fee or rent, including any of the following:
(a) an amount (of a fixed sum or as calculated) payable for a particular matter;
(b) if an amount is to be calculated – the method of calculation;
(c) the time in which a fee or rent must be paid;
(d) the way in which the payment may be made;
(e) when a refund of a fee or rent is payable and matters relevant to the refund;
(f) the fee payable for late lodgment of a report or other document, which may be a cumulative amount.