Certain payments or other consideration to Trust must represent fair compensation
56 Certain payments or other consideration to Trust must represent fair compensation
This section applies to payments made, or to be made, or consideration given, or to be given, to the Trust (not being a payment of royalty under section 55) in respect of the carrying out or proposed carrying out of mining operations or regulated activities on Trust
Land.
A payment or consideration to which this section applies must be reasonably proportioned to the disturbance to the Trust Land, and the ways‑of‑life of Aboriginal persons living on, or with responsibilities for, the Trust Land, that has resulted or is likely to result from the grant of the relevant mining authority.
[Note: NoteA reasonably proportionate amount of such payments must be spent on the Trust Land, or for the benefit of communities living on the Trust Land, to which the payment relates—see section 21(3).]
A person who makes or gives, or agrees to make or give, a payment or consideration to which this section applies must, within 14 days of the date of making or giving the payment or consideration, or entering into the agreement, notify the Minister to whom the administration of the relevant mining Act is committed of the amount or value of the payment or consideration, or of the terms of the agreement. Maximum penalty: Maximum penalty: $2 000.
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