Frontier Lands Petroleum Royalty Regulations

17 (1) The prescribed penalty to be paid by an interest holder for failing to file a statement or royalty return referred to in sections 11 to 13 or for filing a statement or royalty return that is substantially incomplete or contains information of inadequate quality to properly calculate the royalty payable is $1,000 for each month or part of a month from the day on which the statement or royalty return is due to the day on which the statement or royalty return is filed.

(2) The prescribed penalty to be paid for failing to file a report in accordance with section 14.1 is $1,000 for each month or part of a month from the day on which the report is due to the day on which the report is filed with the Registrar.

(3) Payment of penalties that are prescribed under this section is due on the last day of the month after the month in which they are imposed.