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MINERALS (SUBMERGED LANDS) (ROYALTY) ACT 1981 No. 82, 1981 - SECT 7
Ascertainment of landed value
7. For the purposes of this Act, the landed value of any mineral is such
amount as is agreed between the licensee and the Joint Authority or, in
default of agreement within such period as the Joint Authority allows, is such
amount as is determined by the Joint Authority as being that value.
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