Rent
101 Rent
A lessee must pay an annual rent to the Crown in respect of a lease at a prescribed rate.
Subsection (1) does not apply to a lessee who is the owner of land and minerals to which the lease relates.
Annual rent falls due on 1 July each year.
If the lessee fails to pay the annual rent by 1 January in the following year, or, if a day is prescribed for the purposes of this subsection, by that day, the Registrar is to cancel the lease and, by notice in writing, notify the lessee of the cancellation.
A lessee may appeal to the Minister within 28 days after receipt of the notice of cancellation.
The Minister may reinstate the lease if – an appeal is made within the period specified in subsection (5); and the Minister considers that reinstatement is warranted.
This provision refers to the regulations (prescribed rate
). Made under this Act:
- Mineral Resources Development (Application of Act) Order (No. 2) 1999 · Regulation · under section 5(3)
- Mineral Resources Development (Application of Act) Order (No. 2) 2002 · Regulation · under section 5(3)
- Mineral Resources Development (Application of Act) Order (No. 3) 2002 · Regulation · under section 5(3)
22 more instruments made under this Act are listed on the Act’s overview.
This Act’s bill:Explanatory notesSecond reading speech
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