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Nunavut Mining Regulations

Version of section 49 from 2021-01-30 to 2024-05-01:

Marginal note:Insufficient work

  •  (1) Subject to paragraph 50(c), if a certificate of work sets out an allocated cost of work that is less than the amount required by subsection 39(1), the holder of the recorded claim must pay a charge that is equal to the difference between the charges referred to in subsection 40(1) and the allocated cost of work set out in the certificate.

  • Marginal note:Exception

    (2) Subsection (1) does not apply in respect of the year beginning on the day on which a claim is recorded under subsection 13(1).

  • Marginal note:Payment of charge

    (3) The claim holder must pay the charge within 120 days after the day on which the certificate is issued.

  • SOR/2020-209, s. 8

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