Document ID: chunk:federal_register_of_legislation:F2025C00011:front:0:p14
Version: federal_register_of_legislation:F2025C00011
Segment Type: other
Provision Reference: 
Character Range: 36002–38672

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 part of a year
 (1) This regulation applies if:
 (a) a title ceases to be in force (whether because the title has expired or because the title has been surrendered, cancelled, revoked or terminated); and
 (b) the term of the title was not a whole number of years.
Note: This regulation may apply when a title has been renewed.  The renewal of a title is taken to be the grant of a new title on the day after the expiry of the previous title—see section 11 of the Act.
 (2) The Regulator may, by notice in writing, require the titleholder to give a title assessment report to the Regulator for the period at the end of the term that was not a year of the term.
 (3) The notice must specify:
 (a) the information that must be provided in the report; and
 (b) the date by which the report must be given.
 (4) For paragraph (3)(a), only information that would be required from the titleholder in an annual title assessment report under regulation 3.03 may be specified.
 (5) For paragraph (3)(b), the date must be at least 30 days after the day that the notice is given.

Offence – failure to give report when required
 (6) A titleholder commits an offence if:
 (a) the Regulator gives the titleholder a notice under subregulation (2); and
 (b) the titleholder does not comply with the notice.
Penalty: 60 penalty units.

3.06  Information to be provided in annual title assessment report—petroleum exploration permit
 (1) For regulation 3.03, the required information from a petroleum exploration permittee is:
 (a) a description of work and expenditure commitments as detailed in the permit; and
 (b) for all work, evaluations and studies carried out in relation to the permit:
 (i) the total expenditure of the work, evaluation and studies; and
 (ii) the results of the work, evaluation and studies, including details about any leads and prospects identified; and
 (c) a list of the reports submitted to the Titles Administrator in accordance with these Regulations during the year; and
 (d) for the work, evaluations and studies expected to be carried out in relation to the permit during the next year of the permit:
 (i) a description of work commitments and expenditure estimates; and
 (ii) a description of the measures taken by the permittee to prepare for the work mentioned in subparagraph (i); and
 (e) any other information that is required to be included in the annual title assessment report by