AustLII Tasmanian Numbered Regulations

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MINERAL RESOURCES REGULATIONS 2006 (S.R. 2006, NO. 58) - REG 3

Interpretation

In these regulations –
Act means the Mineral Resources Development Act 1995 ;
AIFRS means the Australian International Financial Reporting Standards issued by the Australian Accounting Standards Board;
amount received means the amount received from an arm's length transaction based on a world price contract at the value of the Australian dollar at the time the amount was received, excluding any hedging gains or losses;
building and dimension stone means stone used –
(a) for ornamental purposes; or
(b) in walls, floors or roofs of structures; or
(c) as a paving stone;
datum post means a post erected on the corner of land being marked out;
gold dore means an alloy of gold and silver resulting from the treatment of gold-bearing minerals;
GST has the same meaning as in the A New Tax System (Goods and Services Tax) Act 1999 of the Commonwealth;
metal means a metallic mineral specified in Part 1 of Schedule 4 refined to an elemental state;
mineral concentrate means the product of a chemical or physical process of extracting a metal or metallic mineral from a mineral ore that results in the enrichment of that metal or metallic mineral;
mineral ore means the naturally occurring material from which one or more minerals of economic value can be extracted;
net sales in relation to a mineral means the amount received from the sale of –
(a) if a mineral concentrate has not been produced from the mineral, the mineral itself (less sale costs); or 
(b) if a mineral concentrate has been produced from the mineral, the mineral concentrate (less sale costs);
public notice means a notice published in a newspaper circulating in the area in which the land which is the subject of the notice is situated;
quarter means –
(a) a period of 3 months ending on 31 March, 30 June, 30 September or 31 December in any year; or
(b) any other approved period;
reference rate means the 30 Day Bank Bill Swap Reference Rate published daily by the Australian Financial Markets Association;
sale costs means –
(a) costs incurred by a lessee or licensee in transporting a mineral or mineral concentrate outside the site of production to the point of sale; and
(b) costs incurred by a lessee or licensee in refining a mineral concentrate outside the site of its production; and
(c) any other costs approved by the Minister;
year means any 4 consecutive quarters used for accounting purposes.



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