Northern Territory Numbered Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

GEOTHERMAL ENERGY ACT 2009 (NO 10 OF 2009) - SECT 34

Liability to pay royalty under lease

    (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.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback