Document ID: chunk:federal_register_of_legislation:C2004A03933:body:0:p5
Version: federal_register_of_legislation:C2004A03933
Segment Type: other
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Character Range: 10376–11432

Commonwealth in respect of the mining interest is higher than the amount that, but for that increase, the Commonwealth would have received in respect of that mining interest;

such part only of the increase in the amount of those royalties as is determined by the Minister is to be taken into account in calculating the amount payable into the Trust Account under subsection (2) in respect of those royalties.".

13. After section 77b of the Principal Act the following section is inserted:

Amendment of Schedule 1

"77c. (1) Subject to subsection (2), the regulations may amend Schedule 1 by modifying any description of an area of land in Part 2 or 3 of that Schedule and, on the commencement of an amendment, that Schedule has effect as so amended.

"(2) Regulations for the purposes of subsection (1) may not modify the description of an area of land after title in the land has been vested in a Land Trust under this Act.

"(3) In this section:

'modifying' includes the substitution of a description or diagram for another description or diagram.".