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 \[56\].