163CReports

163C Reports

163C Reports

(1) The holder of an authorisation must prepare and lodge reports of all operations carried out under the authorisation.

Note.

Clause 7 (2) (g) of Schedule 1B provides that reports may also be required by the conditions of an authorisation.

(2) The regulations may make provision for or with respect to the following—

(a) the content, form or lodgment of the reports,

(b) the exemption of any person, class of persons, authorisations or class of authorisations from a requirement of this section or the regulations under this section,

(c) prohibiting or regulating the disclosure of reports required to be lodged or made under this section or as a condition of an authorisation.

(3) A person who fails, without reasonable excuse, to prepare or lodge a report in accordance with this section or the regulations is guilty of an offence.

Maximum penalty—

(a) in the case of a corporation—10,000 penalty units, and, in the case of a continuing offence, a further penalty of 1,000 penalty units for each day that the offence continues, or

(b) in the case of a natural person—2,000 penalty units, and, in the case of a continuing offence, a further penalty of 200 penalty units for each day that the offence continues.

(4) If there is an inconsistency between a condition of an authorisation and a reporting requirement imposed under this section, the condition prevails to the extent of the inconsistency.

s 163C: Ins 2008 No 19, Sch 1 [114]. Am 2014 No 1, Sch 2 [1]. Subst 2015 No 40, Sch 1 [56].