Mineral Resources Development (Amendment) Regulations 2006

i Mineral Resources Development (Amendment) Regulations 2006 S.R. No. 8/2006 TABLE OF PROVISIONS Regulation Page 1. Objectives 1 2. Authorising provision 1 3. Commencement 1 4. New regulation substituted 2 7. Calculation of royalties 2 ═══════════════ ENDNOTES 3 -- 1 of 4 -- 1 STATUTORY RULES 2006 S.R. No. 8/2006 Mineral Resources Development Act 1990 Mineral Resources Development (Amendment) Regulations 2006 The Governor in Council makes the following Regulations: Dated: 7 February 2006 Responsible Minister: THEO THEOPHANOUS Minister for Resources RUTH LEACH Clerk of the Executive Council 1. Objectives The objective of these Regulations is to amend the Mineral Resources Development Regulations 2002 to remove references to a rate of royalty for lignite. 2. Authorising provision These Regulations are made under section 124 of the Mineral Resources Development Act 1990. 3. Commencement These Regulations come into operation on 8 February 2006. -- 2 of 4 -- S.R. No. 8/2006 Mineral Resources Development (Amendment) Regulations 2006 2 4. New regulation substituted For regulation 7 of the Mineral Resources Development Regulations 20021 substitute— "7. Calculation of royalties Royalties for tailings from Crown land disposed of under section 14(2)(b) of the Act and for all minerals, other than gold and lignite (brown coal), are payable at the rates shown in the following Table. Table Item Tailings and Minerals Royalty 1 Tailings from Crown land disposed of under section 14(2)(b) of the Act $1.43 per cubic metre 2 All minerals, other than gold and lignite (brown coal) 2⋅75% of the net market value ". ═══════════════ r. 4 -- 3 of 4 -- S.R. No. 8/2006 Mineral Resources Development (Amendment) Regulations 2006 3 ENDNOTES 1 Reg. 4: S.R. No. 99/2002 as amended by S.R. Nos 88/2004 and 11/2005. Endnotes -- 4 of 4 --