Frontier Lands Petroleum Royalty Regulations

17 The prescribed penalty to be paid by an interest holder for failing to file, within the time required by section 11,

• (a) a periodic royalty return is, for every month or part of a month during which the return remains unfiled, an amount equal to 5% of the prescribed royalty, the payment of which is due on the same day by which the return is required to be filed; and

• (b) an annual royalty return is, for every month or part of a month during which the return remains unfiled, an amount equal to 5% of the amount of any prescribed royalty, the payment of which was due during the year to which the return relates, that remains unpaid on the day by which the return is required to be filed.