Short title

1.  These regulations may be cited as the Future Fund Regulations .

16/23 s1

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Definition

        2. In these regulations "Act" means the Future Fund Act .

16/23 s2

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Non-renewable resource royalties

        3. The portion of non-renewable resource royalties required to be deposited into the fund under paragraph 4(2)(b) of the Act shall be calculated as follows:

             (a) 2% of the amount of non-renewable resource royalties received up to $250,000,000;

             (b)  5% of the amount of non-renewable resource royalties received that exceeds $250,000,000 but does not exceed $500,000,000;

             (c)  10% of the amount of non-renewable resource royalties received that exceeds $500,000,000 but does not exceed $1,000,000,000;

             (d)  15% of the amount of non-renewable resource royalties received that exceeds $1,000,000,000 but does not exceed $1,500,000,000;

             (e)  25% of the amount of non-renewable resource royalties received that exceeds $1,500,000,000 but does not exceed $2,000,000,000;

             (f)  50% of the amount of non-renewable resource royalties received that exceeds $2,000,000,000 but does not exceed $2,500,000,000; and

             (g)  75% of the amount of non-renewable resource royalties received that exceeds $2,500,000,000.

16/23 s3

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Commencement

        4. These regulations come into force on the date the Act comes into force.

16/23 s4

 

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