Victorian Consolidated Legislation

Mineral Resources (Sustainable Development) Act 1990 - SECT 12

Royalties

12. Royalties





(1) Subject to section 12A, the holder of a mining licence must pay royalties
in accordance with the rate or method of assessment and at the times-

   (a)  specified in the licence, after consultation by the Minister with the
        licensee; or

   (b)  prescribed, if not specified in the licence.

(2) Without limiting subsection (1), the holder 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 or method of assessment
and at the times prescribed.