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 4.0.7 Disposition versions

2022-03-31

4.0.7. 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

(1)  the holder has a timber supply guarantee for species or groups of species identified as minor or under-represented species or groups of species and has not harvested, for the harvest year, the entire volume of those species or groups of species to which the holder was entitled under the holder’s sales contract for standing timber purchased pursuant to the holder’s timber supply guarantee;

(2)  the holder operates a rotary-cutting enterprise within the meaning of the timber supply guarantee and has not harvested, for the harvest year, the entire volume of the species or groups of species of hardwoods to which the holder was entitled under the holder’s sales contract for standing timber purchased pursuant to the holder’s timber supply guarantee.

O.C. 168-2022, s. 2.