(1) The Minister may include a condition in each geothermal production lease that the lease holder must pay to the Minister a royalty in relation to all geothermal energy extracted under the lease.
(2) The regulations may prescribe any of the following:
(a) the rate at which a royalty is payable by each lease holder;
(b) the method of calculating the rate of payment of a royalty;
(c) the frequency and manner of payment of royalties;
(d) matters incidental to the payment of royalties.