(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.