Frontier Lands Petroleum Royalty Regulations

10 (1) An interest holder may make an application to the Minister, in the prescribed form, for the certification of qualified frontier exploration expenses.

(2) The application referred to in subsection (1) shall be made

• (a) in the case of a qualified frontier exploration expense incurred before the coming into force of these Regulations, not later than one year after the coming into force of these Regulations; and

• (b) in the case of a qualified frontier exploration expense incurred after the coming into force of these Regulations, not later than one year after the year in which the expenses are incurred.

(3) Where an application for the certification of expenses as qualified frontier exploration expenses is made within the time period required by paragraph (2)(a) or (b), the Minister shall, where the Minister determines that the expenses are qualified frontier exploration expenses, certify those expenses as qualified frontier exploration expenses.