56—Certain payments or other consideration to Trust must represent fair
compensation
(1) This section
applies to payments made, or to be made, or consideration given, or to be
given, to the Trust (not being a payment of royalty under section 55) in
respect of the carrying out or proposed carrying out of mining operations or
regulated activities on Trust Land.
(2) A payment or
consideration to which this section applies must be reasonably proportioned to
the disturbance to the Trust Land, and the ways-of-life of Aboriginal persons
living on, or with responsibilities for, the Trust Land, that has resulted or
is likely to result from the grant of the relevant mining authority.
Note—
A reasonably proportionate amount of such payments must be spent on the
Trust Land, or for the benefit of communities living on the Trust Land, to
which the payment relates—see section 21(3).
(3) A person who makes
or gives, or agrees to make or give, a payment or consideration to which this
section applies must, within 14 days of the date of making or giving the
payment or consideration, or entering into the agreement, notify the Minister
to whom the administration of the relevant mining Act is committed of the
amount or value of the payment or consideration, or of the terms of the
agreement.
Maximum penalty: $2 000.