A-18.1, r. 6.1 - Regulation respecting the terms of payment of the annual royalty and timber purchased by guarantee holders pursuant to their timber supply guarantee

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chapter A-18.1, r. 6.1
Regulation respecting the terms of payment of the annual royalty and timber purchased by guarantee holders pursuant to their timber supply guarantee
SUSTAINABLE FOREST DEVELOPMENT — TERMS OF PAYMENT OF ANNUAL ROYALTY
Sustainable Forest Development Act
(chapter A-18.1, s. 116)
A-18.1
June 20 2013
1. The annual royalty that must be paid by the holder of a timber supply guarantee granted under the Sustainable Forest Development Act (chapter A-18.1) is payable in 2 instalments before 1 May and 1 October of the year for which the royalty is assessed. Each of the instalments is required on the date of billing.
However, where the timber supply guarantee is granted in the course of the year, each of the instalments is required on the date of billing and payable within 30 days as of that date.
The amount of the 2 instalments of the annual royalty that must be paid by guarantee holders is calculated according to the method provided for in the Regulation respecting the method for assessing the annual royalty and the method and frequency for assessing the market value of standing timber purchased by guarantee holders pursuant to their timber supply guarantee (chapter A-18.1, r. 6).
M.O. 2013-009, s. 1; 2016-004M.O. 2016-004, s. 1
2. The sums due for the purchase of timber by the holder pursuant to his or her timber supply guarantee are required on the date of billing and payable within 30 days as of that date.
The billing of timber is done from scaling data.
M.O. 2013-009, s. 2.
3. (Omitted).
M.O. 2013-009, s. 3.
REFERENCES
M.O. 2013-009, 2013 G.O. 2, 1447
M.O. 2016-004, 2016 G.O. 2, 3206