Additional rent payable for mining tenement
120E Additional rent payable for mining tenement
Rent for a mining tenement (additional rent) is payable to the State as prescribed, including at the rate prescribed, in addition to the rent payable for the tenement under section 108.
The regulations may deal with the additional rent payable for a mining tenement, including by —
prescribing how, when and by whom the additional rent is payable; and
prescribing the rate of the additional rent.
Regulations prescribing the rate of additional rent under subsection (2)(b) must provide for the additional rent to be calculated, wholly or partly, by reference to the quantity or value of the mineral obtained from the tenement.
A person who is required, under the regulations, to pay additional rent for a mining tenement must lodge a return in relation to the rent.
The return must comply with, and be lodged in the way required by, the regulations.
[Section 120E inserted: No. 7 of 2025 s. 11.]
This provision refers to the regulations (the regulations
). Made under this Act:
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