Mineral Resources Regulations 2016
16Audit report
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16 Audit report
(1) The holder of a mineral tenement for a mineral not specified in Schedule 1 is, within 120 days after the end of the mineral tenement holder's financial year, to submit to the Director –
(a) a certificate from the mineral tenement holder's auditor certifying that the income statement used as the basis to complete the mineral tenement holder's royalty returns for that financial year has been prepared in accordance with the Australian Accounting Standards; and
(b) a copy of the mineral tenement holder's annual financial statements for that financial year.
(2) In subregulation (1) –
financial statements means the financial statements for the mining operations from which a mineral referred to in the subregulation is obtained;
income statement means the mineral tenement holder's income statement for the mining operations from which a mineral referred to in the subregulation is obtained.