SOLOMON ISLANDS: Mines and Minerals (Amendment) Act 2014 (Act No. 6 of 2014)

Meta Data
Draft: 
No
Revision of previous policy?: 
Yes
Draft Year: 
2014
Effective Start Year: 
2014
Scope: 
National
Document Type: 
Act
Economic Sector: 
Energy
Energy Types: 
Coal, Oil, Gas
Issued by: 
Minister for Mines, Energy and Rural Electrification
Source: 
International Labour Organisation (ILO)
File: 
Mines and Minerals (Amendment) Act 2014
Overall Summary: 
The Mines and Minerals (Amendment) Act 2014 amends the Mines and Minerals Act to give effect to the amendments made to the Income Tax Act; which introduces a new mining tax regime.
Governance
National policy structure: 
The Mines and Minerals Act (hereinafter referred to as the "principal Act") is amended by adding a new section 36A as follows: [...]
Energy institutional structures: 
For the purposes of this section a special fund to be known as the Mining Royalty Special Fund is hereby established in accordance with section 100 of the Constitution and all royalties paid in pursuance of this section - [...]