25Requirement to provide annual title assessment report

25  Requirement to provide annual title assessment report

Requirement to provide annual title assessment report

 (1) A titleholder must give a report (an annual title assessment report) that complies with subsection (2), for a reporting period for the title, to the Titles Administrator within:

 (a) 30 days after the day on which the reporting period for the title ends; or

 (2) An annual title assessment report complies with this subsection if the report complies with the requirements in:

 (a) for a petroleum exploration permittee—section 26; or

 (b) for a petroleum retention lessee—section 27; or

 (c) for a petroleum production licensee—section 28; or

 (d) for a greenhouse gas assessment permittee—section 29; or

 (e) for a greenhouse gas holding lessee—section 30.

Note: See Subdivision F of Division 4 of Part 9 in relation to specific reporting requirements for greenhouse gas injection licensees.

Meaning of reporting period for a title

 (3) For the purposes of this Division, a reporting period for a title is either:

 (a) a year of the term of the title; or

 (b) if the Titles Administrator agrees, in writing, to a different 12 month period—that period.

Note: Year of the term is defined in section 10 of the Act. A year of the term of a title commences on the day that the title comes into force or on any anniversary of that day.

 (4) A titleholder commits an offence of strict liability if the titleholder contravenes subsection (1).

Note: This subsection is a continuing offence under section 4K of the Crimes Act 1914. See section 237 of this instrument for the maximum penalty for each day that an offence under this subsection continues.

 (5) A titleholder is liable to a civil penalty if the titleholder contravenes subsection (1).

Note: This subsection is a continuing civil penalty provision under section 93 of the Regulatory Powers Act. See section 237 of this instrument for the maximum civil penalty for each day that a contravention referred to in this subsection continues.