Point in Time - Logging Tax Act

"Point in Time" Regulation Content

SECTION	EFFECTIVE DATE
NOTE: Links below go to regulation content as it was prior to the changes made on the effective date. (PIT covers changes made from September 19, 2009 to "current to" date of the regulation.)
Regulation	July 5, 2016
Section 1	December 1, 2014

Regulation BEFORE repealed by BC Reg 166/2016, effective July 5, 2016.

B.C. Reg. 53/2003
O.C. 138/2003

Deposited February 18, 2003

[includes amendments up to B.C. Reg. 207/2014, December 1, 2014]

1 Interest payable on amounts due to the government under the Logging Tax Act must be

(a) calculated at the rate prescribed under the Interest Rate under Various Statutes Regulation, B.C. Reg. 386/92, and

(b) calculated on a daily basis and compounded monthly.

[am. B.C. Reg. 207/2014, Sch. s. 2.]

[Provisions relevant to the enactment of this regulation: Logging Tax Act, R.S.B.C. 1996, c. 277, sections 15 and 42]

Section 1 (b) BEFORE amended by BC Reg 207/2014, effective December 1, 2014.

(b) calculated on a daily basis and compounded every 30 days.