(1) A title holder
must give the Minister a report (an annual assessment report ) providing the
required information for each year of a term of the title, within —
(a)
30 days after the day on which the year of the term ends; or
(b) if
the Minister authorises the title holder to give the annual assessment report
within another period — the other period.
Penalty: a fine of $10 000.
(2) For the purposes
of subregulation (1), the required information is —
(a) in
the case of a permittee — the information listed in Schedule 2
Division 1; or
(b) in
the case of a lessee — the information listed in Schedule 2
Division 2; or
(c) in
the case of a licensee — the information listed in Schedule 2
Division 3.
(3) An annual
assessment report may include any other information that the title holder
believes is relevant to the title.