(1) A proponent of a major project must provide to the Panel a major project impact statement in relation to the major project before the end of whichever period last expires.(a) the period of 12 months from the day on which the proponent receives under section 60ZQ(a) a copy of the assessment criteria; or(b) another period determined by written agreement between the Panel and the proponent; or(c) the period extended under subsection (2) (2) The Panel, by notice to a proponent, may extend the period in which the proponent must provide a major project impact statement to the Panel.(3) The Panel must notify the Minister if a proponent has failed to comply with subsection (1) .(4) The Panel, as soon as practicable, and in any case not more than 7 days after receiving under subsection (1) a major project impact statement in relation to a major project, must provide a copy of the statement to each participating regulator.