12Auditor—appointment

12 Auditor—appointment

12 Auditor—appointment

(1) For the Act, Schedule 2, clause 16, the licensee for a pipeline must, at least 28 days before the licensee must give the Secretary an audit report under section 13—

(a) appoint a person as an auditor, and

(b) give written notice of that appointment to the Secretary.

Maximum penalty—

(a) for a corporation—250 penalty units and, for a continuing offence, a further 25 penalty units for each day the offence continues, or

(b) for an individual—50 penalty units and, for a continuing offence, a further 5 penalty units for each day the offence continues.

(2) A person must not be appointed as an auditor unless the person is—

(a) independent of the licensee, and

(b) competent to exercise the functions of an auditor.

(3) A licensee does not commit an offence under subsection (1) if the Secretary has rejected or terminated the appointment under section 12B.

s 12: Subst 2025 (675), Sch 1[7].