Forestry Amendment Act 2019 / Act No. 2 of 2019
Country
Type of law
Legislation
Date of original text
Source
PNG PARLIAMENT website
Abstract
The Act amends section 121 of the Forestry Act 1991 by repealing and replacing it with a new section as follows; “121(1) there shall be a management levy payable on the production of timber or forest produce taken or deemed to be taken by the holder of the timber permit, a timber authority, or a timber licence for the purpose of financing the management and operations of the Authority; (2) The Head of State acting on advice shall prescribe in the regulation – (a) a levy known as management levy and payable at the prescribed rate on all timber or forest produce; and (b) the different rates of management levy on the different types on grades of timber or forest produce; and (c) for the method and manner of calculation collection and payment of management levy.”
Attached files
Topics
Land and Agriculture
Source language
English
Legislation Amendment
No