105Notification requirement—project proponent ceases to have right to carry out project

105 Notification requirement—project proponent ceases to have right to carry out project

Scope (1) This section applies to an eligible person if: (a) the eligible person is the project proponent of a registered biodiversity project that has one project proponent; and (b) the eligible person ceases to have a right that is necessary for the project to be carried out. (2) This section also applies to an eligible person if: (a) the eligible person is one of the project proponents of a registered biodiversity project that has multiple project proponents; and (b) any of the project proponents ceases to have a right that is necessary for the project to be carried out; and (c) the cessation results in no project proponent having that right. Notification (3) The eligible person must, within 90 days after the cessation occurs, notify the Regulator, in writing, of the cessation.

Civil penalty: 200 penalty units.

(4) The maximum civil penalty for each day that a contravention of subsection (3) continues is 5% of the maximum civil penalty that can be imposed in respect of that contravention.

Note: Subsection (3) is a continuing civil penalty provision under section 93 of the Regulatory Powers Act.