Clause 25

by deleting the words “a certificate certifying those royalties, fees or contributions to be” in subsection (1) and substituting the words “those royalties, fees or contributions to be approved as”; (b)by deleting subsections (2) and (3) and substituting the following subsections: “(2) The application must be in such form and contain such particulars as the Minister may require, and must be accompanied by —

a copy of the proposed agreement or arrangement certified by the non‑resident person; or

such particulars as the Minister may require.(3) Where the Minister is satisfied as to the bona fides of an application and that it is expedient in the public interest to do so, the Minister may —

subject to such conditions as the Minister considers appropriate, approve the royalties, fees or contributions specified in the application as approved royalties, fees or contributions; and

issue a certificate certifying the approval.(4) The Minister may not approve any royalties, fees or contributions as approved royalties, fees or contributions on or after 1 January 2024.”; and

by deleting the words “and issue of approved royalties, fees or contributions certificate” in the section heading and substituting the words “approval of royalties, fees or contributions”.