Commonwealth Numbered Regulations

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 (SLI NO 54 OF 2011) - REG 7.02

                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 securely retain the accounts, records and other documents.

Penalty:   30 penalty units.