Western Australian Current Regulations

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PETROLEUM (SUBMERGED LANDS) (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2015 - REG 39

39 .         Assessment report for part of year

        (1)         This regulation applies if —

            (a)         a title ceases to be in force (whether because the title has expired or because the title has been surrendered, cancelled, revoked or terminated); and

            (b)         the term of the title was not a whole number of years.

        (2)         The Minister may, by written notice, require the title holder to give an assessment report to the Minister for the period at the end of the term that was not a year of the term.

        (3)         The notice must specify —

            (a)         the information that must be provided in the report; and

            (b)         the date by which the report must be given.

        (4)         For the purposes of subregulation (3)(a), only information that would be required from the title holder in an annual assessment report under regulation 37(1) may be specified.

        (5)         For the purposes of subregulation (3)(b), the date must be at least 30 days after the day on which the notice is given.

        (6)         A title holder must comply with a notice given to the title holder under subregulation (2).

        Penalty for an offence under this subregulation: a fine of $10 000.



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