74W
In forceCivil penalty for nonpayment of annual rent
Part 6AKey mandatory conditions and related provisions
Division 4Provisions for all 1923 Act petroleum tenures
Subdivision 2General mandatory conditions
74W Civil penalty for nonpayment of annual rent
(1)
If the holder does not pay the annual rent as required under section 46 or 74N, the holder must also pay the State a civil penalty.
(2)
The amount of the penalty is 15% of the rent.
(3)
The penalty—
(a)
must be paid on the day after the last day for payment of the rent; and
(b)
is still payable even if the holder later pays the rent.
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