NEWFOUNDLAND AND LABRADOR
REGULATION 36/11

Mining and Mineral Rights Tax Regulations, 2003 (Amendment)
under the
Revenue Administration Act
(O.C. 2011-076)

(Filed March 30, 2011)

Under the authority of section 110 of the Revenue Administration Act, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John's, March 22, 2011.

Robert Thompson
Clerk of the Executive Council

REGULATIONS

Analysis

        1.   S.8 Amdt.
Interest on sum due

        2.   Commencement

NLR 19/03

        1. Subsection 8(1) of the Mining and Mineral Rights Tax Regulations, 2003 is repealed and the following substituted:

Interest on sum due

        8. (1) Interest shall be levied upon a sum due to the Crown under the Act and these regulations at a rate of 1.2% compounded each month or part of a month from the date the sum is required to be paid to the date of payment.

Commencement

        2. This regulation shall be considered to have come into force on March 7, 2003.

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(Includes May 6, 2011 reprint material.)