33Reports

33 Reports

(1) A licence is subject to the condition that the licence holder give the Registrar or the Minister reports in accordance with this section. Annual reports (2) The licence holder must give the Registrar annual reports. (3) An annual report must: (a) be given to the Registrar in the manner and form that is: (i) approved by the Registrar; and (ii) published on the Registrar’s website; and (b) be given within 30 days after the most recent anniversary of the grant of the licence (or such further period as allowed by the Registrar); and (c) relate to the activities of the licence holder during the 12‑month period (the reporting period) immediately before the anniversary; and (d) be accompanied by any other information or documents required by the approved form. (4) An annual report must include the following: (a) a description of all work, evaluations and studies carried out in or in relation to the licence area during the reporting period with total expenditure by item and a summary of the results; (b) details of how the licence has continued to meet, and continues to meet, the merit criteria; (c) a summary of anticipated work, evaluations and studies to be carried out in or in relation to the licence area during the next reporting period for the licence, including estimated expenditure; (d) a description of how the offshore infrastructure project carried out, or to be carried out, under the licence (including, in the case of a feasibility licence, any proposed commercial licence that the licence holder has applied for, or proposes to apply for, on the basis of the feasibility licence) is contributing, or will contribute, to the Australian economy and local communities, including in relation to: (i) regional development; and (ii) job creation; and (iii) Australian industries; and (iv) the use of Australian goods and services; (e) any other information or documents that a condition of the licence (other than the condition in this section) requires the annual report to include. (5) An annual report is taken to be accompanied by or include a thing mentioned in paragraph (3)(d) or subsection (4) if the thing is given to the Registrar before the end of the 10‑day period that begins on the day after the annual report is given to the Registrar. Final report (6) The licence holder must give the Minister a final report if: (a) the licence holder applies to the Minister under subsection 74(1) of the Act for the Minister to consent to the surrender of the licence; and (b) the licence would cease to be in force if the licence were surrendered in accordance with the application. (7) A final report must: (a) be given to the Minister in the manner and form that is: (i) approved by the Registrar; and (ii) published on the Registrar’s website; and (b) accompany the application under subsection 74(1) of the Act; and (c) relate to the activities of the licence holder during the period (the reporting period) that: (i) begins on the most recent anniversary of the grant of the licence; and (ii) ends the day before the application is made; and (d) be accompanied by any other information or documents required by the approved form. (8) A final report must include the following: (a) a description of all work, evaluations and studies carried out in or in relation to the licence area during the reporting period with total expenditure by item and a summary of the results; (b) details of how the licence has met the merit criteria; (c) any other information or documents that a condition of the licence (other than this condition in this section) requires the annual report to include. (9) A final report is taken: (a) to accompany the application under subsection 74(1) of the Act for the purposes of paragraph (7)(b) of this section; and (b) to include or be accompanied by the things mentioned in paragraph (7)(d) and subsection (8) of this section; if the final report and the things are given to the Minister before the end of the 10‑day period that begins on the day after the application is made.