MINING ACT 1992 - SECT 286
Royalty payable on petroleum recovered under mining lease for coal
MINING ACT 1992 - SECT 286
Royalty payable on petroleum recovered under mining lease for coal
286 Royalty payable on petroleum recovered under mining lease for coal
(1) The holder of a mining lease for coal who recovers petroleum from a mining
area by virtue of the fact that, under section 78, petroleum is included in
the lease is liable to pay royalty to the Crown on the petroleum recovered.
(2) The amount payable as royalty under this Division in respect of petroleum
is the rate prescribed for the purposes of this Division by or under the
Petroleum (Onshore) Act 1991 .
(3) Royalty under this Division is payable on
petroleum at the rate or rates applicable as at the time the petroleum is
recovered from the land.
(4) This section does not apply to methane recovered
in conjunction with coal mining operations.
