Mineral Resources Amendment Regulation (No. 6) 1995 (Qld)

Queensland Subordinate Legislation 1995 No. 299 Mineral Resources Act 1989 MINERAL RESOURCES AMENDMENT REGULATION (No. 6) 1995 TABLE OF PROVISIONS Section Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2 Regulation amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 Amendment of sch 1 (Calculation of royalties) . . . . . . . . . . . . . . . . . . . . . . 2

s1 2 s3 Mineral Resources Amendment (No. 6) No. 299, 1995 ˙ Short title 1. This regulation may be cited as the Mineral Resources Amendment Regulation (No. 6) 1995 . ˙ Regulation amended 2. This regulation amends the Mineral Resources Regulation 1990 . ˙ Amendment of sch 1 (Calculation of royalties) 3.(1) Schedule 1, section 11— renumber as section 12. (2) Schedule 1, after section 10— insert— ‘ Gaseous hydrocarbons ‘ 11.(1) The royalty on gaseous hydrocarbons is payable at the rate applying to petroleum under the Petroleum Act 1923 , section 55(1). ‘ (2) However, royalty is not payable on gaseous hydrocarbons that the person paying the royalty flares, vents or uses for prospecting for, or recovering gaseous hydrocarbons. ‘ (3) For subsection (1), the way for working out the value of gaseous hydrocarbons is the way stated in the Petroleum Act 1923 , section 57.’. ENDNOTES 1. Made by the Governor in Council on 26 October 1995. 2. Notified in the gazette on 27 October 1995. 3. Laid before the Legislative Assembly on . . . 4. The administering agency is the Department of Minerals and Energy. © State of Queensland 1995