Common use of Year Reporting Cycle Clause in Contracts

Year Reporting Cycle. Responsible Entities reporting on a Financial Year Reporting Cycle must provide the reports specified in Table 2 to the Department by the dates specified in Table 2 by completing and submitting the appropriate form in the Portal to the Department’s reasonable satisfaction to maintain their Certifications. Table 2: Reporting on a Financial Year Reporting Cycle Report Due Date Base Year Report 10 days before the due date of the first Annual Report for the Item Annual Report 31 October in the financial year following any Reportable financial year Missed Due Dates are Breaches of the Licence Agreement If a Base Year Report is not submitted to the Department by its due date, the Responsible Entity will need to select a later Base Year and submit a new Application to seek Certification. If an Annual Report is not submitted to the Department by its due date or a requested amendment to an Annual Report is not submitted by its due date, and the Department has not granted the Responsible Entity an extension, the Responsible Entity will be in breach of the Licence Agreement. If amendments to an Annual Report are requested, the Responsible entity will be given three weeks to submit the first amendment and two weeks to submit each of the second and third amendments. If an Annual Report (including any requested amendments) remains not to the Department’s reasonable satisfaction after three amendments have been submitted, then the Responsible Entity will be in breach of the Licence Agreement. If a Responsible Entity is in breach of the Licence Agreement, including by missing a report due date, the Department may suspend or terminate the Licence Agreement (including the Responsible Entity’s and any Affiliate Entities’ licences to use the CTM in relation to particular Items) under clause 12.2.a.i of the Licence Terms and Conditions. Part B: Reporting requirements for Events This part B applies to Event Certifications. Reporting Requirements for Events Responsible Entities with, or seeking, Event Certifications must provide the reports specified in Table 3 to the Department by the dates specified in Table 3 by completing and submitting the appropriate form in the Portal to the Department’s reasonable satisfaction to maintain, or not be prevented from receiving for this reason alone, their Event Certifications.