8.—(1) The directors of a parent undertaking must prepare a consolidated report annually on payments made to governments for each financial year of the parent undertaking (the “consolidated report”) if that undertaking is—
(a)a large undertaking or a public interest entity;
(b)a mining or quarrying undertaking or a logging undertaking; and
(c)obliged to prepare consolidated group accounts.
(2) A parent undertaking is a mining or quarrying undertaking or a logging undertaking if any of its subsidiary undertakings is a mining or quarrying undertaking or a logging undertaking.