sec.374Obligation to give final report

### sec.374 Obligation to give final report This section applies if a notice of closure for a resource tenure is given by the holder of the resource tenure under section 372 or 373 . The chief executive must, as soon as practicable after the notice of closure is received, give a notice requiring a final report to be given for the tenure within the reasonable period stated in the notice to— for a CMA tenure other than a closing CMA tenure—the office as responsible entity for the cumulative management area; or for a closing CMA tenure or other resource tenure—the holder of the resource tenure. The chief executive must give a copy of a notice given to the office for a cumulative management area under subsection (2) (a) to each holder of a CMA tenure within the area, other than the holder of a closing CMA tenure. Subject to section 375 , the responsible entity must, within the period stated in the notice given under subsection (2) , give the chief executive a final report for the resource tenure that complies with division 4 . Maximum penalty—1,665 penalty units. A final report must be accompanied by a submissions summary under section 383 and the fee prescribed by regulation. s 374 prev s 374 om 2008 No. 34 s 714 pres s 374 ins 2010 No. 53 s 195 amd 2012 No. 39 s 57 ; 2014 No. 64 s 85 (sec.374-ssec.1) This section applies if a notice of closure for a resource tenure is given by the holder of the resource tenure under section 372 or 373 . (sec.374-ssec.2) The chief executive must, as soon as practicable after the notice of closure is received, give a notice requiring a final report to be given for the tenure within the reasonable period stated in the notice to— for a CMA tenure other than a closing CMA tenure—the office as responsible entity for the cumulative management area; or for a closing CMA tenure or other resource tenure—the holder of the resource tenure. (sec.374-ssec.3) The chief executive must give a copy of a notice given to the office for a cumulative management area under subsection (2) (a) to each holder of a CMA tenure within the area, other than the holder of a closing CMA tenure. (sec.374-ssec.4) Subject to section 375 , the responsible entity must, within the period stated in the notice given under subsection (2) , give the chief executive a final report for the resource tenure that complies with division 4 . Maximum penalty—1,665 penalty units. (sec.374-ssec.5) A final report must be accompanied by a submissions summary under section 383 and the fee prescribed by regulation. - (a) for a CMA tenure other than a closing CMA tenure—the office as responsible entity for the cumulative management area; or - (b) for a closing CMA tenure or other resource tenure—the holder of the resource tenure.