Document ID: chunk:federal_register_of_legislation:F2025C00011:front:0:p13
Version: federal_register_of_legislation:F2025C00011
Segment Type: other
Provision Reference: 
Character Range: 33295–36266

greenhouse gas holding lease that is in the coastal waters of a State or the coastal waters of the Northern Territory; or
 (iii) part of the licence area of a cross‑boundary greenhouse gas injection licence that is in the coastal waters of a State or the coastal waters of the Northern Territory; and
 (b) a report of the discovery is provided to the responsible Commonwealth Minister under paragraph 2.06(1)(b).
 (2) Despite Parts 8 and 10, the responsible Commonwealth Minister may make information in the report available to the responsible State Minister or the responsible Northern Territory Minister, for the purpose of enabling or assisting the responsible State Minister or the responsible Northern Territory Minister to perform functions, or exercise powers, under a State PSLA or a Territory PSLA.

Part 3—Title assessment reports

3.01  Application
  This Part applies to the following titleholders:
 (a) a petroleum exploration permittee;
 (b) a petroleum retention lessee;
 (c) a petroleum production licensee;
 (d) a greenhouse gas assessment permittee;
 (e) a greenhouse gas holding lessee.

3.02  Definition
  In this Part:
Regulator means:
 (a) for a petroleum exploration permit, petroleum retention lease or petroleum production licence—the Titles Administrator; and
 (b) for a greenhouse gas assessment permit or greenhouse gas holding lease—the responsible Commonwealth Minister.

3.03  Requirement to provide annual title assessment report
 (1) A titleholder commits an offence if the titleholder does not give an annual title assessment report, providing the required information for a year of the term of the title, to the Regulator within:
 (a) 30 days after the day on which the year of the term ends; or
 (b) if the Regulator authorises the titleholder to give the report within another period—the other period.
Penalty: 60 penalty units.
Note: Year of the term is defined in section 10 of the Act. A year of the term of a title commences on the day that the title comes into force or on any anniversary of that day.
 (2) An offence against subregulation (1) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.
 (3) For subregulation (1), the required information is:
 (a) from a petroleum exploration permittee—the information mentioned in subregulation 3.06(1); or
 (b) from a petroleum retention lessee—the information mentioned in subregulation 3.07(1); or
 (c) from a petroleum production licensee—the information mentioned in subregulation 3.08(1); or
 (d) from a greenhouse gas assessment permittee—the information mentioned in subregulation 3.09(1); or
 (e) from a greenhouse gas holding lessee—the information mentioned in subregulation 3.10(1).

3.04  Reports may be combined with permission
  A titleholder with more than one title may combine the annual title assessment reports into a single document with the written agreement of the Regulator.

3.05  Title assessment report for