Acts and Regulations

C-38.1 - Crown Lands and Forests Act

Section 59
Disposition versions

Full text
Royalty based on fair market value plus adjustment
2022, c.47, s.7
59(1)The royalty for each class of timber shall be the sum of the following amounts:
(a) the amount prescribed by regulation which is based on the fair market value of standing timber of that class as determined by the Lieutenant-Governor in Council; and
(b) the royalty adjustment under section 5 of the Private Woodlot Sustainability Act.
59(2)The amount referred to in paragraph (1)(a) shall be reviewed annually.
59(3)Notwithstanding subsection (1), where, in the opinion of the Minister, it is necessary for the development, utilization, protection or integrated management of the resources of Crown Lands, he may reduce the royalty for any class of timber by an amount not exceeding seventy-five per cent of the royalty payable under subsection (1).
1984, c.21, s.9; 2011, c.31, s.2; 2022, c.47, s.7
Royalty based on fair market value
59(1)The royalty for each class shall be based on the fair market value of standing timber of that class, as determined by the Lieutenant-Governor in Council, and shall be prescribed by regulation.
59(2)The royalty shall be reviewed annually.
59(3)Notwithstanding subsection (1), where, in the opinion of the Minister, it is necessary for the development, utilization, protection or integrated management of the resources of Crown Lands, he may reduce the royalty for any class of timber by an amount not exceeding seventy-five per cent of the royalty payable under subsection (1).
1984, c.21, s.9; 2011, c.31, s.2
Royalty based on fair market value
59(1)The royalty for each class shall be based on the fair market value of standing timber of that class, as determined by the Lieutenant-Governor in Council, and shall be prescribed by regulation.
59(2)The royalty shall be reviewed annually.
59(3)Notwithstanding subsection (1), where, in the opinion of the Minister, it is necessary for the development, utilization, protection or integrated management of the resources of Crown Lands, he may reduce the royalty for any class of timber by an amount not exceeding seventy-five per cent of the royalty payable under subsection (1).
1984, c.21, s.9; 2011, c.31, s.2
Royalty based on fair market value
59(1)The royalty for each class shall be based on the fair market value of standing timber of that class, as determined by the Lieutenant-Governor in Council, and shall be prescribed by regulation.
59(2)The royalty shall be prescribed for a twelve month period beginning on April 1 of each year, and shall be reviewed annually.
59(3)Notwithstanding subsection (1), where, in the opinion of the Minister, it is necessary for the development, utilization, protection or integrated management of the resources of Crown Lands, he may reduce the royalty for any class of timber by an amount not exceeding seventy-five per cent of the royalty payable under subsection (1).
1984, c.21, s.9