30
In forceRoyalty value
Part 3Particular matters for royalties for certain minerals
Division 2Gold
30 Royalty value
(1)
In this regulation —
gold spot price means —
(a)
the price fixed on the London Bullion Market for gold metal and known as the “London PM Fix”, in Australian currency; or
(b)
the price determined by the Minister under regulation 36(1)(b).
(2)
The royalty value of gold metal produced is the amount of gold metal produced multiplied by the average of the gold spot prices for the month in which it is produced.
(3)
The royalty value must be calculated each month for the total amount of gold metal produced during that month.
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