61HAnnual reports

61H Annual reports (1) An interest holder must, within 1 month after the end of each reporting period, give to the Minister a report for that reporting period that relates to the interest holder's petroleum interest (an annual report). (2) The annual report must be in the approved form. (3) The annual report must be provided even if work under the petroleum interest is suspended. (4) The annual report must include the prescribed information. (5) The Minister may, by written notice, direct the interest holder to provide any information that should have been included in an annual report under this section. (6) A direction under subsection (5) must be given within 1 month after the annual report is given to the Minister under subsection (1). (7) The interest holder must comply with a direction under subsection (5) within 14 days after the direction is given or within a longer period allowed by the Minister. (8) An interest holder commits an offence if the interest holder contravenes a requirement under subsection (1) or (7). (9) An offence against subsection (8) is an offence of strict liability. (10) If an interest holder fails to comply with a requirement to give a report or information to the Minister under this section within the period required under this section, the prescribed late lodgement fee is payable by the interest holder for each week or part of a week while the interest holder is in default. (11) The Minister may remit an amount payable under subsection (10) in (12) The Minister may recover an amount payable under subsection (10) (13) A reference in this section to an interest holder includes a reference to a former interest holder in relation to the last reporting period for the relevant petroleum interest.

Petroleum Act 1984 71