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Frontier Lands Petroleum Royalty Regulations (SOR/92-26).

Country/Territory
Canada
Document type
Regulation
Date
1991 (2008)
Source
FAO, FAOLEX
Subject
Land & soil, Mineral resources
Keyword
Foreign land tenure Royalties/fees Enforcement/compliance Offences/penalties Minerals Mining Oil Exploration Certification
Geographical area
Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic
Abstract

The present Regulations enact subsection 107(2) the Canada Petroleum Resources Act. In particular, the Regulations lay down provisions relating to oil explorations in frontier lands. The text – consisting of 21 sections deals with the following matters: prescribed royalty, exemption, payment of prescribed royalty, deferral of royalty, certification of an abandonment and restoration royalty trust, return allowance, certification of qualified frontier exploration expenses, reports and returns, interest, penalties and refunds. Two Schedules are enclosed as follows: Allowed project costs (I); Determination of revenues and allowances (II).

Full text
English
Website
www.gc.ca

References - Legislation

Implements

Canada Petroleum Resources Act (R.S.C. 1985, c. 36) (2nd Supp.).

Legislation | Canada | 1985 (2019)

Keyword: Energy conservation/energy production, Natural gas, Basic legislation, Minerals, Mining, Oil, Exploration, Royalties/fees, Special fund, Research, Registration, Legal proceedings/administrative proceedings, Enforcement/compliance, Authorization/permit, Indigenous peoples

Source: FAO, FAOLEX