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This is a Bill, not an Act. For current law, see the Acts databases.


IRON ORE AGREEMENTS LEGISLATION AMENDMENT BILL 2010

                     Western Australia


Iron Ore Agreements Legislation Amendment
                Bill 2010

                        CONTENTS


       Part 1 -- Preliminary
  1.   Short title                                              2
  2.   Commencement                                             2
       Part 2 -- Iron Ore
            (Goldsworthy-Nimingarra)
            Agreement Act 1972 amended
  3.   Act amended                                              3
  4.   Section 5 inserted                                       3
       5.       Variation of Agreement to increase rates
                of royalty                                 3

       Part 3 -- Iron Ore (Hamersley Range)
            Agreement Act 1963 amended
  5.   Act amended                                              5
  6.   Section 2 amended                                        5
  7.   Sections 4A and 4B inserted                              5
       4A.      Variation of Agreement to increase rates
                of royalty                                 5
       4B.      Variation of Second Supplementary
                Agreement to increase rates of royalty     6

       Part 4 -- Iron Ore (Marillana Creek)
            Agreement Act 1991 amended
  8.   Act amended                                              8
  9.   Section 6 inserted                                       8
       6.       Variation of Agreement to increase rates
                of royalty                                 8



                            142--1                              page i
Iron Ore Agreements Legislation Amendment Bill 2010



Contents



             Part 5 -- Iron Ore (McCamey's
                  Monster) Agreement
                  Authorisation Act 1972 amended
      10.    Act amended                                              10
      11.    Section 7 inserted                                       10
             7.       Variation of Agreement to increase rates
                      of royalty                                 10

             Part 6 -- Iron Ore (Mount Bruce)
                  Agreement Act 1972 amended
      12.    Act amended                                              12
      13.    Section 4A inserted                                      12
             4A.      Variation of Agreement to increase rates
                      of royalty                                 12

             Part 7 -- Iron Ore (Mount
                  Goldsworthy) Agreement
                  Act 1964 amended
      14.    Act amended                                              14
      15.    Section 3 amended                                        14
      16.    Section 5A inserted                                      14
             5A.      Variation of Agreement to increase rates
                      of royalty                                 14

             Part 8 -- Iron Ore (Mount Newman)
                  Agreement Act 1964 amended
      17.    Act amended                                              16
      18.    Section 2 amended                                        16
      19.    Section 4A inserted                                      16
             4A.      Variation of Agreement to increase rates
                      of royalty                                 16

             Part 9 -- Iron Ore (Rhodes Ridge)
                  Agreement Authorisation
                  Act 1972 amended
      20.    Act amended                                              18
      21.    Section 4 inserted                                       18
             4.       Variation of Agreement to alter rates of
                      royalty                                    18



page ii
            Iron Ore Agreements Legislation Amendment Bill 2010



                                                               Contents



      Part 10 -- Iron Ore (Robe River)
           Agreement Act 1964 amended
22.   Act amended                                                20
23.   Section 4A inserted                                        20
      4A.      Variation of Agreement to increase rates
               of royalty                                 20




                                                                page iii
                           Western Australia


                     LEGISLATIVE ASSEMBLY



  Iron Ore Agreements Legislation Amendment
                  Bill 2010


                               A Bill for


An Act to amend these Acts --
•  the Iron Ore (Goldsworthy-Nimingarra) Agreement Act 1972;
•  the Iron Ore (Hamersley Range) Agreement Act 1963;
•  the Iron Ore (Marillana Creek) Agreement Act 1991;
•  the Iron Ore (McCamey's Monster) Agreement Authorisation
   Act 1972;
•  the Iron Ore (Mount Bruce) Agreement Act 1972;
•  the Iron Ore (Mount Goldsworthy) Agreement Act 1964;
•  the Iron Ore (Mount Newman) Agreement Act 1964;
•  the Iron Ore (Rhodes Ridge) Agreement Authorisation Act 1972;
•  the Iron Ore (Robe River) Agreement Act 1964,
in order to alter certain rates of royalty, and for related purposes.



The Parliament of Western Australia enacts as follows:




                                                                  page 1
     Iron Ore Agreements Legislation Amendment Bill 2010
     Part 1         Preliminary

     s. 1



 1                          Part 1 -- Preliminary
 2   1.       Short title
 3            This is the Iron Ore Agreements Legislation Amendment
 4            Act 2010.

 5   2.       Commencement
 6            This Act comes into operation as follows --
 7             (a) Part 1 comes into operation on the day on which this Act
 8                   receives the Royal Assent (assent day);
 9             (b) the rest of the Act --
10                      (i) comes into operation on 1 July 2010 if assent day
11                          is not later than that day; or
12                     (ii) is deemed to have come into operation on
13                          1 July 2010 if assent day is later than that day.




     page 2
                        Iron Ore Agreements Legislation Amendment Bill 2010
          Iron Ore (Goldsworthy-Nimingarra) Agreement Act 1972       Part 2
                                                     amended

                                                                                s. 3


 1         Part 2 -- Iron Ore (Goldsworthy-Nimingarra)
 2                Agreement Act 1972 amended
 3   3.        Act amended
 4             This Part amends the Iron Ore (Goldsworthy-Nimingarra)
 5             Agreement Act 1972.

 6   4.        Section 5 inserted
 7             After section 4 insert:
 8


 9        5.         Variation of Agreement to increase rates of royalty
10             (1)   In this section --
11                   the Agreement means the agreement a copy of which is
12                   set out in Schedule 1 --
13                     (a) as varied from time to time in accordance with
14                            its provisions; and
15                     (b) as varied by the First Variation Agreement.
16             (2)   Clause 33(1) of the Agreement is varied --
17                    (a) in subparagraph (ii) by deleting "3.75%" and
18                          inserting --
19

20                           5.625%
21

22                     (b)   in subparagraph (iii) by deleting "3.25%" and
23                           inserting --
24

25                           5%
26

27             (3)   Clause 33(1)(ii) and (iii) of the Agreement as varied by
28                   subsection (2) operate and take effect despite --
29                     (a) any other provision of the Agreement; and

                                                                         page 3
    Iron Ore Agreements Legislation Amendment Bill 2010
    Part 2         Iron Ore (Goldsworthy-Nimingarra) Agreement Act 1972
                   amended

    s. 4


1                   (b)   any other agreement or instrument; and
2                   (c)   any other Act or law.
3            (4)   Nothing in this section affects the amount of royalty
4                  payable under clause 33 of the Agreement in respect of
5                  any period before the commencement of the Iron Ore
6                  Agreements Legislation Amendment Act 2010 Part 2.
7




    page 4
                           Iron Ore Agreements Legislation Amendment Bill 2010
          Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 3

                                                                            s. 5



 1         Part 3 -- Iron Ore (Hamersley Range) Agreement
 2                       Act 1963 amended
 3   5.         Act amended
 4              This Part amends the Iron Ore (Hamersley Range) Agreement
 5              Act 1963.

 6   6.         Section 2 amended
 7              In section 2 delete "Act --" and insert:
 8

 9              Act, unless the contrary intention appears --
10


11   7.         Sections 4A and 4B inserted
12              After section 3J insert:
13


14          4A.       Variation of Agreement to increase rates of royalty
15              (1)   In this section --
16                    the Agreement means the agreement a copy of which is
17                    set out in the First Schedule --
18                      (a) as varied from time to time in accordance with
19                             its provisions; and
20                      (b) as varied by these agreements --
21                                (i) the First Supplementary Agreement;
22                               (ii) the Second Supplementary Agreement;
23                              (iii) the Third Supplementary Agreement;
24                              (iv) the Fourth Supplementary Agreement;
25                               (v) the Fifth Supplementary Agreement;
26                              (vi) the Sixth Supplementary Agreement;
27                             (vii) the Seventh Supplementary Agreement;


                                                                       page 5
     Iron Ore Agreements Legislation Amendment Bill 2010
     Part 3         Iron Ore (Hamersley Range) Agreement Act 1963 amended

     s. 7



 1                         (viii)   the Eighth Supplementary Agreement;
 2                          (ix)    the Ninth Supplementary Agreement;
 3                           (x)    the Tenth Supplementary Agreement.
 4            (2)   Clause 10(2)(j) of the Agreement is varied --
 5                   (a) in subparagraph (ii) by deleting "3.75%" and
 6                         inserting --
 7

 8                         5.625%
 9

10                   (b)   in subparagraph (iii) by deleting "3.25%" and
11                         inserting --
12

13                         5%
14

15            (3)   Clause 10(2)(j)(ii) and (iii) of the Agreement as varied
16                  by subsection (2) operate and take effect despite --
17                    (a) any other provision of the Agreement; and
18                   (b) any other agreement or instrument; and
19                    (c) any other Act or law.
20            (4)   Nothing in this section affects the amount of royalty
21                  payable under clause 10 of the Agreement in respect of
22                  any period before the commencement of the Iron Ore
23                  Agreements Legislation Amendment Act 2010 Part 3.

24          4B.     Variation of Second Supplementary Agreement to
25                  increase rates of royalty
26            (1)   In this section --
27                  the Second Supplementary Agreement means the
28                  agreement a copy of which is set out in the Third
29                  Schedule --
30                    (a) as varied from time to time in accordance with
31                           its provisions; and

     page 6
                      Iron Ore Agreements Legislation Amendment Bill 2010
     Iron Ore (Hamersley Range) Agreement Act 1963 amended         Part 3

                                                                         s. 7



 1                (b)    as varied by these agreements --
 2                          (i) the Third Supplementary Agreement;
 3                         (ii) the Fourth Supplementary Agreement;
 4                        (iii) the Fifth Supplementary Agreement;
 5                        (iv) the Sixth Supplementary Agreement;
 6                         (v) the Seventh Supplementary Agreement;
 7                        (vi) the Eighth Supplementary Agreement;
 8                       (vii) the Ninth Supplementary Agreement;
 9                      (viii) the Tenth Supplementary Agreement.
10         (2)   Clause 7(4) of the Second Supplementary Agreement is
11               varied by deleting "(j)," and inserting --
12

13                (j) (as varied by the Iron Ore (Hamersley Range)
14                Agreement Act 1963 section 4A),
15

16         (3)   Clause 7(4) of the Second Supplementary Agreement
17               as varied by subsection (2) operates and takes effect
18               despite --
19                 (a) any other provision of the Agreement; and
20                 (b) any other agreement or instrument; and
21                 (c) any other Act or law.
22         (4)   Nothing in this section affects the amount of royalty
23               payable under clause 7(4) of the Second
24               Supplementary Agreement in respect of any period
25               before the commencement of the Iron Ore Agreements
26               Legislation Amendment Act 2010 Part 3.
27




                                                                     page 7
     Iron Ore Agreements Legislation Amendment Bill 2010
     Part 4         Iron Ore (Marillana Creek) Agreement Act 1991 amended

     s. 8



 1          Part 4 -- Iron Ore (Marillana Creek) Agreement
 2                        Act 1991 amended
 3   8.          Act amended
 4               This Part amends the Iron Ore (Marillana Creek) Agreement
 5               Act 1991.

 6   9.          Section 6 inserted
 7               After section 5 insert:
 8


 9          6.         Variation of Agreement to increase rates of royalty
10               (1)   In this section --
11                     Agreement means the agreement a copy of which is set
12                     out in Schedule 1 --
13                       (a) as varied from time to time in accordance with
14                              its provisions; and
15                       (b) as varied by these agreements --
16                                 (i) the First Variation Agreement;
17                                (ii) the Second Variation Agreement.
18               (2)   Clause 1 of the Agreement is varied by inserting in
19                     alphabetical order --
20

21                     "fine ore" means iron ore excluding beneficiated ore which
22                     is nominally sized minus six millimetres;
23                     "lump ore" means iron ore excluding beneficiated ore which
24                     is nominally sized plus six millimetres minus thirty
25                     millimetres;
26




     page 8
                      Iron Ore Agreements Legislation Amendment Bill 2010
     Iron Ore (Marillana Creek) Agreement Act 1991 amended         Part 4

                                                                           s. 9



 1       (3)   Clause 13(1) of the Agreement is varied --
 2              (a) in paragraph (a) by deleting "3.25%" and
 3                    inserting --
 4

 5                    5%
 6

 7              (b)   in paragraph (aa)(i) by deleting "5.625%" and
 8                    inserting --
 9

10                    7.5%
11

12              (c)   after paragraph (aa) by inserting --
13

14                     (ab) on lump ore at the rate of 7.5% of the
15                          f.o.b. value;
16                     (ac)   on fine ore at the rate of 5.625% of the
17                            f.o.b. value;
18

19       (4)   Clause 13(1)(a) and (aa)(i) of the Agreement as varied,
20             and clause 13(1)(ab) and (ac) as inserted in the
21             Agreement, by subsection (3) operate and take effect
22             despite --
23               (a) any other provision of the Agreement; and
24               (b) any other agreement or instrument; and
25               (c) any other Act or law.
26       (5)   Nothing in this section affects the amount of royalty
27             payable under clause 13 of the Agreement in respect of
28             any period before the commencement of the Iron Ore
29             Agreements Legislation Amendment Act 2010 Part 4.
30




                                                                         page 9
     Iron Ore Agreements Legislation Amendment Bill 2010
     Part 5         Iron Ore (McCamey's Monster) Agreement Authorisation Act
                    1972 amended

     s. 10


 1     Part 5 -- Iron Ore (McCamey's Monster) Agreement
 2              Authorisation Act 1972 amended
 3   10.          Act amended
 4                This Part amends the Iron Ore (McCamey's Monster)
 5                Agreement Authorisation Act 1972.

 6   11.          Section 7 inserted
 7                After section 6 insert:
 8


 9           7.         Variation of Agreement to increase rates of royalty
10                (1)   In this section --
11                      the Agreement means the Principal Agreement --
12                        (a) as varied from time to time in accordance with
13                               its provisions; and
14                        (b) as varied by these agreements --
15                                  (i) the first Variation Agreement;
16                                 (ii) the second Variation Agreement;
17                                (iii) the third Variation Agreement.
18                (2)   Clause 31(1) of the Agreement is varied --
19                       (a) in paragraph (aa)(ii) by deleting "3.75%" and
20                             inserting --
21

22                              5.625%
23

24                        (b)   after paragraph (aa) by inserting --
25

26                               (ab) on iron ore products being fine ore and fines
27                                    where such fine ore or fines are sold or
28                                    shipped separately as such -- at the rate of
29                                    5.625% of the f.o.b. revenue (computed as


     page 10
                     Iron Ore Agreements Legislation Amendment Bill 2010
     Iron Ore (McCamey's Monster) Agreement Authorisation Act     Part 5
                                             1972 amended

                                                                           s. 11


 1                              mentioned in paragraph (a) of this
 2                              subclause);
 3                       (ac)   on iron ore products being iron ore
 4                              concentrates -- at the rate of 5% of the
 5                              f.o.b. revenue (computed as mentioned in
 6                              paragraph (a) of this subclause);
 7

 8         (3)   Clause 31(1)(aa)(ii) of the Agreement as varied, and
 9               clause 31(1)(ab) and (ac) as inserted in the Agreement,
10               by subsection (2) operate and take effect despite --
11                 (a) any other provision of the Agreement; and
12                 (b) any other agreement or instrument; and
13                 (c) any other Act or law.
14         (4)   Nothing in this section affects the amount of royalty
15               payable under clause 31 of the Agreement in respect of
16               any period before the commencement of the Iron Ore
17               Agreements Legislation Amendment Act 2010 Part 5.
18




                                                                      page 11
     Iron Ore Agreements Legislation Amendment Bill 2010
     Part 6         Iron Ore (Mount Bruce) Agreement Act 1972 amended

     s. 12



 1            Part 6 -- Iron Ore (Mount Bruce) Agreement
 2                        Act 1972 amended
 3   12.       Act amended
 4             This Part amends the Iron Ore (Mount Bruce) Agreement
 5             Act 1972.

 6   13.       Section 4A inserted
 7             After section 3B insert:
 8


 9           4A.     Variation of Agreement to increase rates of royalty
10             (1)   Clause 12(1)(h) of the Agreement is varied --
11                    (a) in subparagraph (ii) by deleting "three and three
12                          quarter per centum (3¾%)" and inserting --
13

14                           5.625%
15

16                    (b)    in subparagraph (iii) by deleting "fifteen (15)
17                           cents per ton;" and inserting --
18

19                           5.625% of the f.o.b. revenue (computed as
20                           aforesaid);
21

22                     (c)   in subparagraph (iv) by deleting "fifteen (15)
23                           cents per ton;" and inserting --
24

25                           5% of the f.o.b. revenue (computed as aforesaid);
26

27             (2)   Clause 12(1)(h)(ii), (iii) and (iv) of the Agreement as
28                   varied by subsection (1) operate and take effect
29                   despite --
30                     (a) any other provision of the Agreement; and


     page 12
                Iron Ore Agreements Legislation Amendment Bill 2010
    Iron Ore (Mount Bruce) Agreement Act 1972 amended        Part 6

                                                                s. 13



1           (b)   any other agreement or instrument; and
2           (c)   any other Act or law.
3    (3)   Nothing in this section affects the amount of royalty
4          payable under clause 12 of the Agreement in respect of
5          any period before the commencement of the Iron Ore
6          Agreements Legislation Amendment Act 2010 Part 6.
7




                                                             page 13
     Iron Ore Agreements Legislation Amendment Bill 2010
     Part 7         Iron Ore (Mount Goldsworthy) Agreement Act 1964 amended

     s. 14



 1      Part 7 -- Iron Ore (Mount Goldsworthy) Agreement
 2                     Act 1964 amended
 3   14.       Act amended
 4             This Part amends the Iron Ore (Mount Goldsworthy) Agreement
 5             Act 1964.

 6   15.       Section 3 amended
 7             In section 3 delete "Act --" and insert:
 8

 9             Act, unless the contrary intention appears --
10


11   16.       Section 5A inserted
12             After section 4C insert:
13

14           5A.     Variation of Agreement to increase rates of royalty
15             (1)   In this section --
16                   the Agreement means the agreement a copy of which is
17                   set out in the First Schedule --
18                     (a) as varied from time to time in accordance with
19                            its provisions; and
20                     (b) as varied by these agreements --
21                               (i) the first Variation Agreement;
22                              (ii) the second Variation Agreement;
23                             (iii) the third Variation Agreement.
24             (2)   Clause 9(2)(j) of the Agreement is varied --
25                    (a) in subparagraph (ii) by deleting "3.75%" and
26                          inserting --
27

28                          5.625%
29


     page 14
                        Iron Ore Agreements Legislation Amendment Bill 2010
     Iron Ore (Mount Goldsworthy) Agreement Act 1964 amended         Part 7

                                                                          s. 16



 1                 (b)    in subparagraph (iia)(B) by deleting "3.75%"
 2                        and inserting --
 3

 4                        5.625%
 5

 6                  (c)   in subparagraph (iii) by deleting "3.25%" and
 7                        inserting --
 8

 9                        5%
10

11          (3)   Clause 9(2)(j)(ii), (iia)(B) and (iii) of the Agreement as
12                varied by subsection (2) operate and take effect
13                despite --
14                  (a) any other provision of the Agreement; and
15                 (b) any other agreement or instrument; and
16                  (c) any other Act or law.
17          (4)   Nothing in this section affects the amount of royalty
18                payable under clause 9 of the Agreement in respect of
19                any period before the commencement of the Iron Ore
20                Agreements Legislation Amendment Act 2010 Part 7.
21




                                                                       page 15
     Iron Ore Agreements Legislation Amendment Bill 2010
     Part 8         Iron Ore (Mount Newman) Agreement Act 1964 amended

     s. 17



 1           Part 8 -- Iron Ore (Mount Newman) Agreement
 2                         Act 1964 amended
 3   17.       Act amended
 4             This Part amends the Iron Ore (Mount Newman) Agreement
 5             Act 1964.

 6   18.       Section 2 amended
 7             In section 2 delete "Act --" and insert:
 8

 9             Act, unless the contrary intention appears --
10


11   19.       Section 4A inserted
12             After section 3E insert:
13


14           4A.     Variation of Agreement to increase rates of royalty
15             (1)   In this section --
16                   the Agreement means the agreement a copy of which is
17                   set out in the First Schedule --
18                     (a) as varied from time to time in accordance with
19                            its provisions; and
20                     (b) as varied by these agreements --
21                               (i) the First Variation Agreement;
22                              (ii) the Second Variation Agreement;
23                             (iii) the Third Variation Agreement;
24                             (iv) the Fourth Variation Agreement;
25                              (v) the Fifth Variation Agreement.




     page 16
                     Iron Ore Agreements Legislation Amendment Bill 2010
     Iron Ore (Mount Newman) Agreement Act 1964 amended           Part 8

                                                                       s. 19



 1       (2)   Clause 9(2)(j) of the Agreement is varied --
 2              (a) in subparagraph (ii) by deleting "3.75%" and
 3                    inserting --
 4

 5                     5.625%
 6

 7              (b)    in subparagraph (iia)(B) by deleting "3.75%"
 8                     and inserting --
 9

10                     5.625%
11

12               (c)   in subparagraph (iii) by deleting "3.25%" and
13                     inserting --
14

15                     5%
16

17       (3)   Clause 9(2)(j)(ii), (iia)(B) and (iii) of the Agreement as
18             varied by subsection (2) operate and take effect
19             despite --
20               (a) any other provision of the Agreement; and
21              (b) any other agreement or instrument; and
22               (c) any other Act or law.
23       (4)   Nothing in this section affects the amount of royalty
24             payable under clause 9 of the Agreement in respect of
25             any period before the commencement of the Iron Ore
26             Agreements Legislation Amendment Act 2010 Part 8.
27




                                                                    page 17
     Iron Ore Agreements Legislation Amendment Bill 2010
     Part 9         Iron Ore (Rhodes Ridge) Agreement Authorisation Act 1972
                    amended

     s. 20


 1            Part 9 -- Iron Ore (Rhodes Ridge) Agreement
 2                  Authorisation Act 1972 amended
 3   20.          Act amended
 4                This Part amends the Iron Ore (Rhodes Ridge) Agreement
 5                Authorisation Act 1972.

 6   21.          Section 4 inserted
 7                After section 3 insert:
 8


 9           4.         Variation of Agreement to alter rates of royalty
10                (1)   In this section --
11                      Agreement means the agreement referred to in
12                      section 2 as varied from time to time in accordance
13                      with its provisions.
14                (2)   Section 21.01 of the Agreement is varied --
15                       (a) in paragraph (b) by deleting "seven and one half
16                             percentum (7½%)" and inserting --
17

18                              5.625%
19

20                        (b)   in paragraph (c) by deleting "fifteen cents ($0.15)
21                              per ton." and inserting --
22

23                               5% of the FOB revenue (computed as aforesaid).
24

25                        (c)   in paragraph (d)(ii) by deleting "fifteen cents
26                              ($0.15) per ton." and inserting --
27

28                               5% of the FOB revenue (computed as aforesaid).




     page 18
                      Iron Ore Agreements Legislation Amendment Bill 2010
     Iron Ore (Rhodes Ridge) Agreement Authorisation Act 1972      Part 9
                                                    amended

                                                                         s. 21


 1         (3)   Section 21.01(b), (c) and (d)(ii) of the Agreement as
 2               varied by subsection (2) operate and take effect
 3               despite --
 4                 (a) any other provision of the Agreement; and
 5                (b) any other agreement or instrument; and
 6                 (c) any other Act or law.
 7         (4)   Nothing in this section affects the amount of royalty
 8               payable under section 21.01 of the Agreement in
 9               respect of any period before the commencement of the
10               Iron Ore Agreements Legislation Amendment Act 2010
11               Part 9.
12




                                                                    page 19
     Iron Ore Agreements Legislation Amendment Bill 2010
     Part 10        Iron Ore (Robe River) Agreement Act 1964 amended

     s. 22



 1             Part 10 -- Iron Ore (Robe River) Agreement
 2                         Act 1964 amended
 3   22.       Act amended
 4             This Part amends the Iron Ore (Robe River) Agreement
 5             Act 1964.

 6   23.       Section 4A inserted
 7             After section 3E insert:
 8


 9           4A.     Variation of Agreement to increase rates of royalty
10             (1)   In this section --
11                   the Agreement means the agreement a copy of which is
12                   set out in the First Schedule --
13                     (a) as varied from time to time in accordance with
14                            its provisions; and
15                     (b) as varied by these agreements --
16                               (i) the first variation agreement;
17                              (ii) the second variation agreement;
18                             (iii) the third variation agreement;
19                             (iv) the fourth variation agreement;
20                              (v) the fifth variation agreement.
21             (2)   Clause 9(2)(j) of the Agreement is varied --
22                    (a) in subparagraph (ii) by deleting "three and three
23                          quarter per centum (3¾%)" and inserting --
24

25                          5.625%
26




     page 20
                Iron Ore Agreements Legislation Amendment Bill 2010
     Iron Ore (Robe River) Agreement Act 1964 amended      Part 10

                                                                         s. 23



 1          (b)    in subparagraph (iii) by deleting "aforesaid);"
 2                 and inserting --
 3

 4                 aforesaid) until 30 June 2010 and thereafter at the
 5                 rate of 5.625% of the f.o.b. value (computed as
 6                 aforesaid);
 7

 8           (c)   in subparagraph (iv) by deleting "one shilling
 9                 and sixpence (1/6d) per ton;" and inserting --
10

11                 5% of the f.o.b. value (computed as aforesaid);
12

13   (3)   Clause 9(2)(j)(ii), (iii) and (iv) of the Agreement as
14         varied by subsection (2) operate and take effect
15         despite --
16           (a) any other provision of the Agreement; and
17          (b) any other agreement or instrument; and
18           (c) any other Act or law.
19   (4)   Nothing in this section affects the amount of royalty
20         payable under clause 9 of the Agreement in respect of
21         any period before the commencement of the Iron Ore
22         Agreements Legislation Amendment Act 2010 Part 10.
23


24




 


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