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I-0.4 - Mining Tax Act

Section 52.0.3
Disposition versions

Full text
52.0.3. Notwithstanding section 52.0.2, the interest payable by an operator under the said section shall not exceed the amount by which the interest that would be payable by the operator under the said section if the operator had made no payments exceeds the amount obtained by computing interest at the rate of 10% capitalized daily on each payment made by the operator, for the period extending from the day of the payment to the day on or before which the operator is required to pay to the Minister the balance of the operator’s duties payable or would be so required if the operator had such a balance.
1994, c. 47, s. 49; 2011, c. 6, s. 80.
52.0.3. Notwithstanding section 52.0.2, the interest payable by an operator under the said section shall not exceed the amount by which the interest that would be payable by the operator under the said section if the operator had made no payments exceeds the amount obtained by computing interest at the rate of 10% capitalized daily on each payment made by the operator, for the period extending from the day of the payment to the day on or before which the operator is required to pay to the Minister the balance of the operator’s estimated duties payable or would be so required if the operator had such a balance.
1994, c. 47, s. 49.
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