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

Updated to 1 September 2016

This document has official status.

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 Act

(chapter A-18.1, s. 116).

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; M.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