New Zealand Legislation: Regulations

57 Permit holders electing to move to 2008 minerals programme

• (1) This regulation applies to a permit holder who, under section 22(1) of the Act, desires that the 2008 minerals programme apply to the permit concerned instead of the relevant minerals programme.

  (2) For the purposes of calculating royalties in respect of the permit, the royalty regime in the 2008 minerals programme takes effect as from 1 January of the year following the permit holder's indication for the 2008 minerals programme to apply.

  Regulation 57 heading: amended, on 11 June 2009, by regulation 10 of the Crown Minerals (Minerals and Coal) Amendment Regulations 2009 (SR 2009/127).

  Regulation 57(1): amended, on 11 June 2009, by regulation 10 of the Crown Minerals (Minerals and Coal) Amendment Regulations 2009 (SR 2009/127).

  Regulation 57(2): amended, on 11 June 2009, by regulation 10 of the Crown Minerals (Minerals and Coal) Amendment Regulations 2009 (SR 2009/127).