Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 566Q

  (1)   A registered holder of a title contravenes this section if:

  (a)   there is a change in control of the registered holder; and

  (b)   either:

  (i)   the Titles Administrator has not approved the change in control; or

  (ii)   the Titles Administrator has approved the change in control, but the change in control took effect after the end of the approval period for the change in control; and

  (c)   the registered holder knows or ought reasonably to know the change in control has taken effect; and

  (d)   the registered holder does not notify the Titles Administrator of the change in control within 30 days of the change taking effect.

Civil penalty provision

  (2)   A person is liable to a civil penalty if the person contravenes subsection   (1).

Civil penalty:   480 penalty units.

  (3)   Subsection   93(2) of the Regulatory Powers Act does not apply in relation to a contravention of subsection   (2).