South Australian Consolidated Acts South Australian Consolidated Acts (1) Royalty paid in
respect of minerals recovered from the lands shall be paid into a separate
fund maintained by the Minister of Mines and Energy.
(2) Subject to
subsection (3), the royalty shall be applied as follows:
(a)
one-third shall be paid to A n angu Pitjantjatjara Yankunytjatjara; and
(b)
one-third shall be paid to the Minister to be applied towards the health,
welfare and advancement of the Aboriginal inhabitants of the State generally;
and
(c)
one-third shall be paid into the General Revenue of the State.
(3) If the income of
the fund maintained under subsection (1) exceeds in any financial year
the prescribed limit, the excess shall be paid in full into the General
Revenue of the State.
(4) No moneys shall be
paid out of the fund maintained under subsection (1) unless a regulation
is in force prescribing a limit for the purposes of subsection (3).
(5) In this
section—
"royalty" means royalty payable under the Mining Act 1971 or the
Petroleum Act 1940 .