Malaysia legislation
Section 76
Section 76
(a)
the holder of a prospecting licence shall, in respect of the land which is subject to the licence, pay licence fee; and
(b)
the lessee shall, in respect of the mining land which is subject to the mining lease or certificate, pay rent, annually to the Government.
(2)
The amount of licence fee or rent payable under subsection
(1)
in any year shall be calculated by multiplying the area of land subject to the licence or lease in that year with the respective rate of holding fee or rent prescribed as of the date of such licence fee or rent is payable.
(3)
Any licence fee and rent payable under this Ordinance shall be paid at such time and place and in such manner as may be prescribed.
(4)
The Authority may, with the approval of the Majlis
Mesyuarat Kerajaan Negeri, revise—
(a)
the rate of licence fee payable in respect of a prospecting licence; and
(b)
the rate of rent payable in respect of mining land, and such rates shall be based on land area and be prescribed by the
Authority.
(5)
No rate of licence fee revised under subsection (4)(b) shall have effect before the expiry of a period of ten years from the most recent date of revision.
(6)
The Authority may, in circumstances deemed to justify such a course of action, grant—
(a)
to the holder of a prospecting licence a total or partial waiver of the holding fee; and
(b)
to the lessee a total or partial waiver of the rent.
Royalty