Waiver of payment of additional royalty for coal
287A Waiver of payment of additional royalty for coal
The Minister may, by order in writing made with the concurrence of the Treasurer, waive all or part of the payment by the holder of a mining lease of royalty at the additional rate prescribed in respect of coal under section 283 (1) (b).
The order may be made only if the Minister is satisfied that it is necessary for the financial viability of the mine, or mines, to which the mining lease relates, having regard to such matters as the Minister considers appropriate.
The power of the Minister to make an order under this section cannot be delegated, despite section 363.
The Chief Commissioner is to remit the interest or penalty tax on any royalty the payment of which is waived under this section.
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