35Title assessment report for part of a year

35  Title assessment report for part of a year

 (a) a title ceases to be in force (whether because the title has expired or because the title has been surrendered, cancelled, revoked or terminated); and

 (b) either:

 (i) the term of the title was not a whole number of years; or

 (ii) if the Titles Administrator has agreed to another reporting period for the title under paragraph 25(3)(b)—the title did not cease to be in force on the last day of a reporting period for the title.

Note: This section may apply when a title has been renewed. The renewal of a title is taken to be the grant of a new title on the day after the expiry of the previous title—see section 11 of the Act.

Notice for title assessment report

 (2) The Titles Administrator may, by written notice, require the titleholder to give a title assessment report to the Titles Administrator for the period at the end of the term of the title that was not a reporting period for the title.

 (3) The notice must specify:

 (a) the information that must be included in the report; and

 (b) a period of at least 30 days, starting on the day the notice is given to the titleholder, within which the report must be given to the Titles Administrator.

 (4) For the purposes of paragraph (3)(a), the notice may only specify information that:

 (a) if the notice is given to a petroleum exploration permittee—is specified in subsection 26(2); or

 (b) if the notice is given to a petroleum retention lessee—is specified in subsection 27(2); or

 (c) if the notice is given to a petroleum production licensee—is specified in subsection 28(2); or

 (d) if the notice is given to a greenhouse gas assessment permit—is specified in subsection 29(2); or

 (e) if the notice is given to a greenhouse gas holding lessee—is specified in subsection 30(2).

Titleholder must comply with notice

 (5) A titleholder must comply with a notice given to the titleholder under subsection (2) within the period specified in the notice.

 (6) A titleholder commits an offence of strict liability if the titleholder contravenes subsection (5).

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.

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

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.