A-18.1, r. 6 - 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

Section 4.0.8 Disposition versions

2022-03-31

4.0.8. Subject to section 4.0.14, the holder of a timber supply guarantee is entitled, on 31 December of the year following the harvest year, to the reimbursement of a portion of the amounts paid as an annual royalty if the holder has not harvested the aggregate of the volume of timber due to harvest coordination problems caused by another timber supply guarantee holder that ceased activities for a period of more than 3 consecutive months during the harvest year and that, when it ceased its activities,

(1)  held a timber supply guarantee for the same region of application as the holder’s timber supply guarantee;

(2)  operated a wood processing plant that had been operating for more than 18 consecutive months prior to the cessation of activities.

To benefit from the reimbursement, the holder must file an application, in writing, with the timber marketing board not later than 31 December of the year following the harvest year.

O.C. 168-2022, s. 2.