Document ID: chunk:federal_register_of_legislation:C2024C00794:section:64:p2
Version: federal_register_of_legislation:C2024C00794
Segment Type: section
Provision Reference: s 64 (pt 2/3)
Character Range: 305824–308517

in respect of that mining interest;
 (ii) an amount that is credited to the Account in purported compliance with subsection 63(4) in respect of the mining operations being higher than the amount that is later determined was required to be credited under that subsection;
then the Minister may offset the whole or part of the excess against the whole or part of one or more future amounts otherwise required to be debited from the Account under subsection (3) and paid to that Land Council in respect of that mining interest or mining operations (as the case requires).
 (3C) If an amount is reduced under subsection (3A), or offset under subsection (3B), the Minister may reduce (whether by way of a single reduction or a series of reductions) the amount standing to the credit of the Account by an amount not greater than:
 (a) if paragraph (3A)(a) or subparagraph (3B)(b)(i) applies—the difference between the amount paid on account of royalties in respect of the mining interest and the amount of royalties that are later assessed were payable in respect of the mining interest; or
 (b) if paragraph (3A)(b) or subparagraph (3B)(b)(ii) applies—the difference between the amount that was credited to the Account in purported compliance with subsection 63(4) in respect of the mining operations and the amount that is later determined was required to be credited under that subsection in respect of the mining operations.
 (4) There must be debited from the Account and paid by the Commonwealth such other amounts as the Minister directs to be paid or applied to or for the benefit of Aboriginals living in the Northern Territory.
 (4A) There must be debited from the Account and paid by the Commonwealth such other amounts as the Minister directs to be paid in relation to:
 (aa) the acquiring of a lease by the Commonwealth if the Minister has agreed to a request under subsection 19(3A) or 20CA(2) in relation to the lease; or
 (ab) the administering of a lease covered by paragraph (aa) if the Executive Director entered into the lease on behalf of the Commonwealth; or
 (ac) the acquiring of a sublease by the Commonwealth if the Minister has agreed to a request under subsection 20CA(2) in relation to the sublease; or
 (ad) the administering of a sublease covered by paragraph (ac) if the Executive Director entered into the sublease on behalf of the Commonwealth; or
 (ae) the acquiring of a sublease by an Aboriginal and Torres Strait Islander corporation by way of transfer under subsection 20CB(1); or
 (af) the administering of a sublease covered by paragraph (ae) if an Aboriginal and Torres Strait Islander corporation holds the sublease; or
 (ag) the acquiring of a sublease by