PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 175H Requirement to keep and give records
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 175H
Requirement to keep and give records175H Requirement to keep and give records
(1) This section applies to the following (each a
"selling entity" )—(a) the holder of a petroleum lease for PGPLR land who supplies gas produced from the land;(b) another entity that supplies gas produced from PGPLR land.
(2) A selling entity must, for the period and in the way prescribed under a regulation, keep the records prescribed under a regulation for each supply by the selling entity of gas produced from PGPLR land.Penalty—Maximum penalty—500 penalty units.Note—If a corporation commits an offence against this provision, an executive officer of the corporation may be taken, under section 814A , to have also committed the offence.
(3) If the chief executive gives a selling entity a notice asking for a copy of a record kept under subsection (2) , the selling entity must give a copy of the record to the chief executive within the reasonable period stated in the notice.Penalty—Maximum penalty—500 penalty units.Note—If a corporation commits an offence against this provision, an executive officer of the corporation may be taken, under section 814A , to have also committed the offence.