Commonwealth Consolidated Regulations

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 - REG 7.03

    A petroleum titleholder commits an offence if the titleholder:

  (a)   keeps accounts, records or other documents in connection with an operation in an offshore area; and

  (b)   does not retain the accounts, records or other documents so that retrieval of the accounts, records or other documents is reasonably practicable.

Penalty:   30 penalty units.