Document ID: chunk:federal_register_of_legislation:C2024C00794:section:63:p2
Version: federal_register_of_legislation:C2024C00794
Segment Type: section
Provision Reference: s 63 (pt 2/2)
Character Range: 302008–303146

accordance with the law of the Northern Territory relating to mining for minerals and the royalties were payable at the rate fixed by that law immediately before 26 January 1977; or
 (b) if the Minister administering the Act under which the mining operations are carried on and the Minister administering this Act jointly determine that amounts higher than the amounts referred to in paragraph (a) are to be credited to the Account under subsection (4) in respect of particular mining operations—amounts equal to the amounts so determined.
 (6) There must be credited to the Account amounts equal to any money paid by any person to the Commonwealth for the purposes of the Account.
 (7) There must be credited to the Account amounts equal to any amounts from time to time received by the Commonwealth as interest on, or as repayment of, any loan made under subsection 64(4).
 (8) For the purposes of this section:
 (a) a royalty is taken to include an amount paid on account of a royalty; and
 (b) an amount may be credited to the Account in purported compliance with a requirement to credit an amount to the Account under subsection (4).