Notice of royalty determination
120G Notice of royalty determination
When the Minister determines the amount of a royalty under section 120F, the Minister must give the royalty payer a notice about the determination.
The notice must state —
the amount of royalty the Minister determined is payable; and
if an amount of the royalty has been paid — whether the amount determined is more or less than the amount paid; and
if an amount of the royalty remains unpaid —the day by which the amount must be paid; and
if an amount of royalty has been overpaid —the amount of the overpayment and that the overpaid amount will be paid or credited to the royalty payer.
[Section 120G inserted: No. 7 of 2025 s. 11.]
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