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This is a Bill, not an Act. For current law, see the Acts databases.
PARLIAMENT OF VICTORIA
Mines (Aluminium Agreement) (Brown Coal
Royalties) Act 2005
Act No.
TABLE OF PROVISIONS
Clause Page
1. Purpose 2
2. Commencement 2
3. New sections 11 and 12 inserted 2
11. Royalties for lignite 2
12. Transitional 3
ENDNOTES 4
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551384B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
PARLIAMENT OF VICTORIA
A BILL
to amend the Mines (Aluminium Agreement) Act 1961 to make
provision with respect to royalties for lignite and for other purposes.
Mines (Aluminium Agreement) (Brown
Coal Royalties) Act 2005
Preamble
The State and Alcoa of Australia Pty Ltd
("Alcoa") entered into an agreement on
22 November 1961 with respect to the
establishment of an industrial facility to
produce aluminium products.
The agreement was ratified, validated,
approved and otherwise given effect to by
the Mines (Aluminium Agreement) Act
1961.
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551384B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
Mines (Aluminium Agreement) (Brown Coal Royalties) Act 2005
s. 1
Act No.
Among other things, the agreement--
(a) identified a certain area of land as the
"leased area"; and
(b) gave Alcoa an exclusive right to use
any coal won from the leased area; and
(c) specified the rate at which royalties
were to be paid by Alcoa in respect of
the coal.
It is expedient to amend the Mines
(Aluminium Agreement) Act 1961 to
specify a new rate of royalties payable by
Alcoa in respect of any lignite (otherwise
known as brown coal) taken by Alcoa from
the leased area.
The Parliament of Victoria therefore enacts as follows:
1. Purpose
The purpose of this Act is to amend the Mines
(Aluminium Agreement) Act 1961 to make
provision with respect to royalties for lignite.
2. Commencement
5
This Act comes into operation on a day to be
proclaimed.
3. New sections 11 and 12 inserted
See: After section 10 of the Mines (Aluminium
Act No.
Agreement) Act 1961 insert--
10 6829
and
'11. Royalties for lignite
amending
Act No.
(1) This section applies if the Company mines
10115.
LawToday:
lignite in accordance with this Act and the
www.dms.
Agreement and has effect despite anything to
dpc.vic.
gov.au
the contrary in this or any other Act or the
15
Agreement.
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Mines (Aluminium Agreement) (Brown Coal Royalties) Act 2005
s. 3
Act No.
(2) The Company must pay royalties for the
lignite in accordance with the prescribed
rate.
(3) For the purposes of sub-section (2),
"prescribed rate" has the same meaning as
5
it has in section 12A(3) of the Mineral
Resources Development Act 1990 for the
purposes of section 12A(2) of that Act.
12. Transitional
The amendments made to this Act by the
10
Mines (Aluminium Agreement) (Brown
Coal Royalties) Act 2005 do not affect the
rate at which royalties are payable in respect
of any lignite produced before the
commencement of that Act.'.
15
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551384B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
Mines (Aluminium Agreement) (Brown Coal Royalties) Act 2005
Endnotes
Act No.
ENDNOTES
By Authority. Government Printer for the State of Victoria.
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551384B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
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