Note : Clause 7 (2) (g) of
Schedule 1B provides that reports may also be required by the conditions of an
authorisation.
(2) The regulations may make provision for or with respect to
the following--
(a) the content, form or lodgment of the reports,
(b) the
exemption of any person, class of persons, authorisations or class of
authorisations from a requirement of this section or the regulations under
this section,
(c) prohibiting or regulating the disclosure of reports
required to be lodged or made under this section or as a condition of an
authorisation.
(3) A person who fails, without reasonable excuse, to prepare
or lodge a report in accordance with this section or the regulations is guilty
of an offence.
: Maximum penalty--
(a) in the case of a corporation--10,000
penalty units, and, in the case of a continuing offence, a further penalty of
1,000 penalty units for each day that the offence continues, or
(b) in the
case of a natural person--2,000 penalty units, and, in the case of a
continuing offence, a further penalty of 200 penalty units for each day that
the offence continues.
(4) If there is an inconsistency between a condition
of an authorisation and a reporting requirement imposed under this section,
the condition prevails to the extent of the inconsistency.
