(1) A titleholder commits an offence if the titleholder does not give an annual title assessment report, providing the required information for a year of the term of the title, to the Regulator within:
(a) 30 days after the day on which the year of the term ends; or
(b) if the Regulator authorises the titleholder to give the report within another period--the other period.
Penalty: 60 penalty units.
Note: Year of the term is defined in section 10 of the Act. A year of the term of a title commences on the day that the title comes into force or on any anniversary of that day.
(2) An offence against subregulation (1) is an offence of strict liability.
Note: For strict liability , see section 6.1 of the Criminal Code .
(3) For subregulation (1), the required information is:
(a) from a petroleum exploration permittee--the information mentioned in subregulation 3.06(1); or
(b) from a petroleum retention lessee--the information mentioned in subregulation 3.07(1); or
(c) from a petroleum production licensee--the information mentioned in subregulation 3.08(1); or
(d) from a greenhouse gas assessment permittee--the information mentioned in subregulation 3.09(1); or
(e) from a greenhouse gas holding lessee--the information mentioned in subregulation 3.10(1).