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PETROLEUM (SUBMERGED LANDS) (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2015 - REG 37

37 .         Requirement to provide annual assessment report

        (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.



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