(1) The holder of an authorisation must prepare and lodge reports of all prospecting activity carried out under the 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, authorisation 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 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: 100 penalty units.(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.