Verification of expenditure amounts in operations reports
115B Verification of expenditure amounts in operations reports
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).
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.
An audit statement is to be prepared and signed by —
a person registered as an auditor, or taken to be registered as an auditor, under Part 9.2 of the Corporations Act; or
another suitably qualified person approved by the Minister for the purposes of this section.
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.]
This provision refers to the regulations (prescribed manner
). Made under this Act:
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