Liability for term administrative levy (small-scale titles)
292J Liability for term administrative levy (small-scale titles)
The administrative levy payable under this Part for a small-scale title is a term administrative levy.
Liability for a term administrative levy arises on the grant of a small-scale title and, in the case of a mineral claim, on renewal of the mineral claim.
A term administrative levy must be paid, in advance, before a small-scale title is granted and, in the case of a mineral claim, before the claim is renewed.
A small-scale title for which a term administrative levy is payable must not be granted or renewed until the term administrative levy is paid.
In subsection (4), a reference to the granting of a small-scale title includes a reference to the taking of any action under this Act as a result of which a small-scale title is taken to have been granted under this Act.
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