regulations made for the purposes of subsection (2)). (2) The holder of the mining licence or prospecting S. 12A(2) amended by licence must pay royalties for the lignite in No. 64/2012 accordance with the prescribed rate. s. 15(2). (3) For the purposes of subsection (2), the prescribed is— rate (a) the base amount per gigajoule unit of lignite produced; or (b) if a different rate is prescribed in the regulations, that rate. (4) Without limiting subsection (2), the holder of a S. 12A(4) amended by mining licence or prospecting licence must, unless Nos. 64/2012 the Minister decides otherwise, pay royalties in s. 15(3), 68/2014, s. 17. respect of the disposal under section 14(2)(b) or 14B(2A) (as the case requires) of tailings resulting from work under a licence over Crown land in accordance with the rate or method of assessment and at the times prescribed. (5) In this section— means— S. 12A(5) base amount def. of base amount (a) for the period commencing on amended by 1 July 2016 and ending on No. 44/2014 s. 33(Sch. 31 December 2016, the amount item 16(1)), determined in accordance with the substituted by No. 40/2016 following formula— s. 31. where—
regulations made for the purposes of subsection (2)). S. 12A(2) amended by No. 64/2012 s. 15(2). (2) The holder of the mining licence or prospecting licence must pay royalties for the lignite in accordance with the prescribed rate. (3) For the purposes of subsection (2), the prescribed rate is— (a) the base amount per gigajoule unit of lignite produced; or (b) if a different rate is prescribed in the regulations, that rate. S. 12A(4) amended by Nos. 64/2012 s. 15(3), 68/2014, s. 17. (4) Without limiting subsection (2), the holder of a mining licence or prospecting licence must, unless the Minister decides otherwise, pay royalties in respect of the disposal under section 14(2)(b) or 14B(2A) (as the case requires) of tailings resulting from work under a licence over Crown land in accordance with the rate or method of assessment and at the times prescribed. (5) In this section— S. 12A(5) def. of base amount amended by No. 44/2014 s. 33(Sch. item 16(1)), substituted by No. 40/2016 s. 31. base amount means— (a) for the period commencing on 1 July 2016 and ending on 31 December 2016, the amount determined in accordance with the following formula— where—
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