66QRecords to be kept

66Q Records to be kept (1) An interest holder must keep key records: (a) in Australia or in a way in which they are easily accessible in Australia; and (b) for 5 years following the date on which the petroleum interest to which they relate expires or is surrendered or cancelled; and (c) in a manner that makes retrieval of the record reasonably practicable. (2) An interest holder commits an offence if the interest holder fails to keep key records in accordance with the requirements of subregulation (1). Maximum penalty: 100 penalty units.