In this regulation:
Act means the Forest Act;
reduced volume condition means a condition on a licence that, under section 14 (1) (g.2) of the Act, reduces a portion of the allowable annual cut available to the holder of the licence.
For the purposes of sections 111 and 112 of the Act, the holder of a licence, agreement or permit described in Column 1 of the following table must pay to the government annual rent at the rate set out in Column 2 immediately opposite that licence, agreement or permit:
Despite subsection (1), the holder of a licence with a reduced volume condition must pay an amount that corresponds to the portion of the allowable annual cut that is not reduced by the reduced volume condition.
With respect to a woodlot licence, $0.25/m 3 of the rate set out in Column 2 of the table in section 1.1 is allocated under section 112.1 of the Act to represent money payable to the Woodlot Product Development Council.