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Seabed Minerals (Royalties) Regulations 2013.

Country/Territory
Cook Islands
Document type
Regulation
Date
2013
Source
FAO, FAOLEX
Subject
Mineral resources, Sea
Keyword
Certification Liability/compensation International trade Minerals Mining Offences/penalties
Geographical area
Asia and the Pacific, Oceania, Polynesia, Small Island Developing States, South Pacific
Entry into force notes
These Regulations enter into force on January 1st, 2014.
Abstract

These Regulations specifies the liability for royalties as equal to 3% of the export value of minerals recovered under a mining license. Furthermore, these Regulations set forth provisions on export value of minerals, royalty avoidance schemes, determination of the royalty liability of a person by the Collector, returns of royalties, liability to keep records, payment of royalties, refund of overpaid royalties, and penalties.

Full text
English
Website
www.seabedmineralsauthority.gov.ck

References - Legislation

Implements

Seabed Minerals Act 2009.

Legislation | Cook Islands | 2009

Keyword: Environmental planning, Hazards, Enforcement/compliance, Marine pollution, Policy/planning, Marine fisheries, Basic legislation, Mining, Exploration, Minerals, Concession, Deep sea bed, Institution, Authorization/permit, EIA, Offences/penalties, Early warning system, Ecosystem preservation

Source: FAO, FAOLEX