Mineral Resources Development (Amendment) Regulations 2006 (Vic)

Mineral Resources Development (Amendment) Regulations 2006

S.R. No. 8/2006

TABLE OF PROVISIONS

Regulation  Page

1.Objectives

2.Authorising provision

3.Commencement

4.New regulation substituted

7.Calculation of royalties

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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.

4.New regulation substituted

For regulation 7 of the Mineral Resources Development Regulations 2002[1] 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

".

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[1] Reg. 4: S.R. No. 99/2002 as amended by S.R. Nos 88/2004 and 11/2005.