MINING ACT 1978 - SECT 115B
MINING ACT 1978 - SECT 115B
115B . Verification of expenditure amounts in operations reports
(1) In this section
—
audit amount means the amount of expenditure shown
in an audit statement;
audit statement means a statement containing
details of expenditure during the period to which an operations report
relates;
expenditure means expenditure on or in connection
with mining on a mining tenement;
expenditure amount means the amount of expenditure
during the period to which an operations report relates;
operations report has the meaning given to that
term in section 115A(1).
(2) For the purpose of
verifying the expenditure amount shown in an operations report, the Minister
may, by notice in writing, require the holder of a mining tenement to file an
audit statement, or cause an audit statement to be filed, in the prescribed
manner and within a period specified in the notice.
(3) An audit statement
is to be prepared and signed by —
(a) a
person registered as an auditor, or taken to be registered as an auditor,
under Part 9.2 of the Corporations Act; or
(b)
another suitably qualified person approved by the Minister for the purposes of
this section.
(4) If the audit
amount differs from the expenditure amount shown in the operations report, the
Minister may determine in writing that the audit amount is to be regarded as
the expenditure amount for the purposes of this Act.
[Section 115B inserted: No. 39 of 2004 s. 97(1);
amended: No. 12 of 2010 s. 38.]