sec.84KLodgement requirement on expenditure of exploration amount

### sec.84K Lodgement requirement on expenditure of exploration amount The farmee under an upfront farm-in agreement must, within 14 days after spending the exploration amount for each interest in the exploration authority, lodge— information, in the approved form, about the expenditure of the exploration amount; and the upfront farm-in agreement or a transfer duty statement for the agreement. Under the Administration Act , the requirement under this section is a lodgement requirement for which a failure to comply is an offence under section 121 of that Act. s 84K ins 2015 No. 4 s 15 - (a) information, in the approved form, about the expenditure of the exploration amount; and - (b) the upfront farm-in agreement or a transfer duty statement for the agreement.