Frontier Lands Petroleum Royalty Regulations

19 (1) For the purposes of section 66 of the Act, the prescribed rate of interest for any period is the rate referred to in subsection 16(1).

(2) The interest payable by the Minister under section 66 of the Act on an overpayment made by an interest holder on account of royalties, interest or penalties shall be calculated from the end of the second month after the month in which the overpayment was made and shall be compounded monthly.