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FISHERIES ACT 1995 - SECT 151A Additional provisions applying to royalties and levies

FISHERIES ACT 1995 - SECT 151A

Additional provisions applying to royalties and levies

    (1)     Regulations made under section 150 or 151 may provide for all or any of the following matters—

        (a)     methods of calculating royalties and levies;

        (b)     the reduction, waiver or refund, in whole or in part, of any royalty or levy;

S. 151A(1)(ba) inserted by No. 35/2009 s. 72.

        (ba)     for royalties and levies to be charged on a pro rata basis;

        (c)     how royalties and levies are to be paid (including payments by instalments);

        (d)     the recovery, and payment, of interest on arrears.

    (2)     Regulations under subsection (1)(b) may be expressed to apply either generally or specifically—

        (a)     in respect of certain matters or transactions or classes of matters or transactions; or

        (b)     when an event happens; or

        (c)     in respect of certain people or classes of people; or

        (d)     in respect of any combination of matters, transactions, events or people—

and may be expressed to apply subject to specified conditions or in the discretion of any specified person or body.

S. 151B inserted by No. 80/2000 s. 19.