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

Section 1 Disposition versions

2016-09-01

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.

2013-06-20

1. The balance of the annual royalty required for the harvest year 2013-2014, corresponding to 50% of the total amount of the annual royalty to be paid, that must be paid by the holder of a timber supply guarantee granted under section 338 of the Sustainable Forest Development Act (chapter A-18.1) is payable in full before 1 October 2013. For subsequent years, the annual royalty that must be paid by that guarantee holder is payable in 2 equal instalments before 1 April and 1 October of the year for which the royalty is evaluated. Each of the 2 equal instalments is required on the date of billing.

The annual royalty that must be paid by the holder of a timber supply guarantee granted under section 88 of the Sustainable Forest Development Act is payable in 2 equal instalments before 1 April and 1 October of the year for which the royalty is evaluated. Each of the 2 equal instalments is required on the date of billing. Where the timber supply guarantee is granted in the course of the year, each of the 2 equal instalments is required on the date of billing and payable within 30 days as of that date.

M.O. 2013-009, s. 1.