Petroleum Lands Royalty Regulations (N.W.T. Reg. 023-2014). Country/Territory Canada Territorial subdivision Northwest Territories Document type Regulation Date 2014 Source FAO, FAOLEX Subject Land & soil, Mineral resources Keyword Cadastre/land registration Royalties/fees Enforcement/compliance Offences/penalties Oil Registration Certification Geographical area Americas, Arctic, Asia and the Pacific, East Pacific, North America, North Atlantic Entry into force notes The present Regulations come into force on 1 April 2014. Abstract The present Regulations are made under section 66 of the Petroleum Resources Act. In particular, the Regulations lay down provisions relating to the levying of royalties for oil exploitations. The text – consisting of 23 sections – deals with the following aspects: interpretation, prescribed royalties, exemption, payment of prescribed royalty, deferral of royalty, certification of an abandonment and restoration royalty trust, return allowance, certification of qualified petroleum exploration expenses, reports and returns, interests, penalties and refunds. Full text English/French Website www.gov.nt.ca References - Legislation Implements Petroleum Resources Act (S.N.W.T. 2014, c. 15). Legislation | Canada | 2014 (2015) Keyword: Basic legislation, Minerals, Mining, Oil, Exploration, Business/industry/corporations, Access right, Royalties/fees, Special fund, Research, Registration, Legal proceedings/administrative proceedings, Enforcement/compliance, Authorization/permit, Indigenous peoples Source: FAO, FAOLEX