When gold metal is produced: gold-bearing material not delivered to refinery within 3 months
32 When gold metal is produced: gold-bearing material not delivered to refinery within 3 months
This regulation applies if —
gold-bearing material obtained or produced from a mining tenement is in a form that is acceptable for delivery to a refinery; and
the material is not delivered to a refinery within the 3‑month refining period for the material; and
regulation 33 does not apply in relation to the material.
Gold metal is taken to have been produced from the gold‑bearing material on the day after the 3‑month refining period for the material ends.
The amount of gold metal taken to have been produced from the gold-bearing material is the estimated amount decided by the Commissioner under regulation 34 in relation to the material.
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