Interest Rate Under Various Statutes Regulation(B.C. Reg. 386/92).

Subject

Forestry

Keyword

Forest management/forest conservation Royalties/fees

Geographical area

Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic

Abstract

This Regulation outlines the rules and formula of various interest rates under different Acts and is divided into 5 parts as follows: 1 Interest rate on amounts due under certain Acts; 2 Interest rate under Assessment Authority Act; 3 Interest rate re Taxation (Rural Area) Act; 4 Interest rate re School Act and 5 Interest rate re Motor Fuel Tax Act. Of interest is part 1, which prescribes the formula in calculating the rate of interest under section 130-(1) (b), of The Forest Act. Section 130 (1) (b), of the Act outlines Liens, that is, money required to be paid to the government under certain circumstances which shall bear "interest as prescribed". Moreover The Forest Accounts Receivable Interest Regulation, B.C. Reg. 406/98 section 3 (1) also cross refers to this Regulation for its formula, when calculating interest rates on the forest accounts.

Full text

English

Website

www.qp.gov.bc.ca

References - Legislation

Implements

Forest Act ([RSBC 1996] Chapter 157).

Legislation | Canada | 1978 (2016)

Keyword: Framework law, Forest management/forest conservation, Institution, Timber, Timber extraction/logging, Inventory, Agricultural development, Authorization/permit, Cultural heritage, Indigenous peoples

Source: FAO, FAOLEX

Forest Accounts Receivable Interest Regulation (B.C. Reg. 406/98).

Legislation | Canada | 1998 (2013)

Keyword: Institution, Royalties/fees

Source: FAO, FAOLEX