MINING ACT 1992 - SECT 287A
Waiver of payment of additional royalty for coal
MINING ACT 1992 - SECT 287A
Waiver of payment of additional royalty for coal
287A Waiver of payment of additional royalty for coal
(1) The Minister may, by order in writing made with the concurrence of the
Treasurer, waive all or part of the payment by the holder of a mining lease of
royalty at the additional rate prescribed in respect of coal under section 283
(1) (b).
(2) The order may be made only if the Minister is satisfied that it
is necessary for the financial viability of the mine, or mines, to which the
mining lease relates, having regard to such matters as the Minister considers
appropriate.
(3) The power of the Minister to make an order under this
section cannot be delegated, despite section 363.
(4) The Chief Commissioner
is to remit the interest or penalty tax on any royalty the payment of which is
waived under this section.
