37
In forceRoyalty value of iron ore first sold other than by export
Part 3Particular matters for royalties for certain minerals
Division 3Working out royalty value for certain minerals
37 Royalty value of iron ore first sold other than by export
(1)
This regulation applies to iron ore that is not first sold by export as described in regulation 14(3).
(2)
The royalty value of the iron ore is the value worked out using the method decided by the Minister under subregulation (3) for the particular case.
(3)
The Minister may decide, in a particular case, a method for valuing the ore that takes into account market factors affecting the sale of the ore.
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