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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