An updated TD-1A form may be filed at any time, but not less than once every 12 months. When a change of ownership of a theatre, stadium, garden, arena or other place where theatre or sporting events are held occurs, an updated form TD-1A shall be filed. Any form TD-1A's prior to the effective date of this Part shall be deemed in compliance with this Part unless: (1) a change or modification takes place requiring an amendment, or (2) more than 12 months have passed since such form has been filed.