57. Amount of royalty
Feedback & supportSubject to this Division, the royalty payable in respect of a record is 5% of the retail selling price of the record, which shall be determined in the manner prescribed by the regulations.
royalty
“royalty”, in relation to a record, means the amount applicable in respect of the record under section 57(1) or, if that provision is affected by regulations made for the purposes of section 59, under that provision so affected;
If the royalty payable in respect of a record under this section includes a fraction of a cent that is less than or more than one-half of a cent —
record
“record” means a disc, tape, paper or other device in which sounds are embodied;
where that fraction is less than one-half of a cent — that fraction shall be treated as one-half of a cent; and
where that fraction is more than one-half of a cent — that fraction shall be treated as a whole cent.
If, apart from this subsection, the royalty payable in respect of a record under this section would be less than one cent, that royalty shall be one cent.