(1) A condition that requires one or
more mandatory audits to be undertaken, to the satisfaction of the Secretary,
for any one or more of the purposes referred to in section 83B (a
"mandatory audit condition" ) may be imposed on a petroleum title by the
regulations or the Minister in accordance with Part 3 of Schedule 1B.
(2) A
mandatory audit condition must specify the purpose or purposes of the audit.
(3) A mandatory audit condition may require any one or more of the following--
(a) appointment of an auditor to undertake the audit,
(b) approval by the
Secretary of the auditor before being appointed,
(c) preparation of
particular written documentation during the course of the audit,
(d)
preparation of an audit report,
(e) production to the Secretary of the audit
report.
(4) A mandatory audit condition may also--
(a) specify the format and
level of detail required for the audit, or
(b) require the auditor to submit
the proposed format and level of detail to the Secretary for approval.
(5) A
mandatory audit condition may be varied by written notice served on the holder
of the petroleum title and otherwise in accordance with Part 4 of Schedule 1B.
(6) A condition imposed under this section takes effect on the date on which
written notice of the condition is served on the holder of the petroleum title
or on any later date specified in the notice.
