On 22/05/2013,
you requested for the version in force on 22/05/2013
incorporating all amendments published on or before 22/05/2013.
The closest version currently available is that of 28/03/2013.
57.
—(1) Subject 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.
(2) 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 —
(a)
where that fraction is less than one-half of a cent — that fraction shall be treated as one-half of a cent; and
(b)
where that fraction is more than one-half of a cent — that fraction shall be treated as a whole cent.
(3) 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.