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MINING ACT 1992 - SECT 285 Rate of royalty

MINING ACT 1992 - SECT 285

Rate of royalty

285 Rate of royalty

Royalty is payable under this Division--

(a) except as provided by paragraph (b)--at the base rate prescribed under section 283 (1) (a) in respect of the mineral concerned, or
(b) in the case of a mineral other than coal--at such other rate as may be agreed on between the holder of the mineral claim or authority concerned and the owner of the mineral.