106Notification requirement—withdrawal or cessation of regulatory approval

106 Notification requirement—withdrawal or cessation of regulatory approval

Scope (1) This section applies to the project proponent of a registered biodiversity project if a regulatory approval required for the project to be carried out: (a) is withdrawn; or (b) otherwise ceases to have effect for any reason. Notification (2) The project proponent must, within 90 days after the withdrawal or cessation occurs, notify the Regulator, in writing, of the withdrawal or cessation.

Civil penalty: 200 penalty units.

(3) The maximum civil penalty for each day that a contravention of subsection (2) continues is 5% of the maximum civil penalty that can be imposed in respect of that contravention.

Note: Subsection (2) is a continuing civil penalty provision under section 93 of the Regulatory Powers Act.