Terms used
29 Terms used
In this Division —
3‑month refining period, in relation to gold-bearing material, means the period of 3 months starting on —
the day on which the material was taken from the ground; or
the day on which gold-bearing material from which the material was produced was taken from the ground;
deliverer means the person who produces the gold-bearing material that is delivered to a refinery;
invoice, for gold-bearing material, means an invoice (other than an interim invoice) for the sale of —
the gold-bearing material; or
the metal or mineral content of the gold-bearing material;
payable gold metal content, of gold-bearing material, means the gold metal content of the gold-bearing material worked out —
by assaying the gold-bearing material; and
based on the gold metal content of the material for which a price would be paid, taking into account a reasonable estimate of the gold metal that would be lost during refining or smelting;
refiner means the operator of a refinery;
refinery means a place where gold metal is produced.
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