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This is a Bill, not an Act. For current law, see the Acts databases.
PARLIAMENT OF VICTORIA
Mineral Resources Development (Brown Coal
Royalties) Act 2005
Act No.
TABLE OF PROVISIONS
Clause Page
1. Purpose 1
2. Commencement 1
3. Royalties 2
4. New section 12A inserted 2
12A. Royalties for lignite 2
5. Grant of licence 4
6. New section 132 inserted 4
132. Transitional provision--2005 amendments 4
ENDNOTES 5
i
551382B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
PARLIAMENT OF VICTORIA
A BILL
to amend the Mineral Resources Development Act 1990 to make
provision with respect to royalties for lignite and for other purposes.
Mineral Resources Development
(Brown Coal Royalties) Act 2005
The Parliament of Victoria enacts as follows:
1. Purpose
The purpose of this Act is to amend the Mineral
Resources Development Act 1990 to make
provision with respect to royalties for lignite
(otherwise known as brown coal).
5
2. Commencement
This Act comes into operation on 1 January 2006.
1
551382B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
Mineral Resources Development (Brown Coal Royalties) Act
2005
s. 3
Act No.
3. Royalties
See: In section 12(1) of the Mineral Resources
Act No.
Development Act 1990, for "The holder"
92/1990.
Reprint No. 5 substitute "Subject to section 12A, the holder".
as at
23 August
4. New section 12A inserted
5 2001 and
amending
After section 12 of the Mineral Resources
Act Nos
Development Act 1990 insert--
71/2001,
82/2001,
'12A. Royalties for lignite
40/2002,
50/2002,
56/2003,
(1) This section applies to the holder of a mining
64/2004,
licence if the holder mines lignite in
10 69/2004,
108/2004 and
accordance with the licence and has effect
18/2005.
despite anything to the contrary specified in
LawToday:
www.dms.
the licence or the regulations (other than
dpc.vic.
regulations made for the purposes of sub-
gov.au
section (2)).
15
(2) The holder of the mining licence must pay
royalties for the lignite in accordance with
the prescribed rate.
(3) For the purposes of sub-section (2), the
"prescribed rate" is--
20
(a) the base amount per gigajoule unit of
lignite produced; or
(b) if a different rate is prescribed in the
regulations, that rate.
(4) Without limiting sub-section (2), the holder
25
of a mining licence must, unless the Minister
decides otherwise, pay royalties in respect of
the disposal under section 14(2)(b) of
tailings resulting from work under a licence
over Crown land in accordance with the rate
30
or method of assessment and at the times
prescribed.
2
551382B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
Mineral Resources Development (Brown Coal Royalties) Act
2005
s. 4
Act No.
(5) In this section--
"base amount" means--
(a) for the financial year ending on
30 June 2006, $0.0588; and
(b) for each subsequent financial year,
5
the amount determined in
accordance with the following
formula--
A
$0 0588 ×
B
where--
10
A is the consumer price index
number for the quarter
ending on 30 June
immediately preceding the
financial year for which the
15
determined amount is being
calculated;
B is the consumer price index
number for the financial year
ending on 30 June 2005;
20
"consumer price index number" means the
all groups consumer price index
number for Melbourne published by the
Commonwealth Statistician in respect
of the relevant period;
25
"gigajoule unit of lignite" means a quantity
of lignite which, when mined, has a net
wet specific energy content of
1 gigajoule.'.
3
551382B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
Mineral Resources Development (Brown Coal Royalties) Act
2005
s. 5
Act No.
5. Grant of licence
For section 26(2)(i) of the Mineral Resources
Development Act 1990 substitute--
"(i) payment of royalties, other than royalties in
respect of lignite;".
5
6. New section 132 inserted
After section 131 of the Mineral Resources
Development Act 1990 insert--
"132. Transitional provision--2005
amendments
10
The amendments made to this Act by the
Mineral Resources Development (Brown
Coal Royalties) Act 2005 do not affect the
rate at which royalties are payable in respect
of any lignite produced before the
15
commencement of that Act.".
4
551382B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
Mineral Resources Development (Brown Coal Royalties) Act
2005
Endnotes
Act No.
ENDNOTES
By Authority. Government Printer for the State of Victoria.
5
551382B.I1-4/10/2005 BILL LA INTRODUCTION 4/10/2005
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