Achieving improved rehabilitation outcomes for Queensland mines
The Queensland Government is reforming the state’s mining rehabilitation framework to better protect the environment and Queensland’s financial interests, and encourage rehabilitation investment in the resources industry.
As part of these reforms, 2 discussion papers were released in May 2018 seeking public feedback on proposals to reduce the financial, safety and environmental risks for the state. Reform ideas included development of a:
- monitoring and reporting regime for sites in care and maintenance
- change of control test to empower the government to assess the technical competency and financial capability of a new acquirer of an existing resource authority
- framework that allows the government to temporarily hold ownership of disclaimed resource authorities in order to facilitate a return to production by a new owner.
The papers also included proposals to:
- create greater opportunity to commercialise the remaining resources in abandoned mines
- develop new initiatives that will provide incentives for private investment in abandoned mines.
Progress on reforms
Consultation on these discussion papers closed on 16 July 2018 and submissions are now being considered.
To find out more about the Queensland Government’s mining rehabilitation and financial assurance reforms, visit the Queensland Treasury website.
Last updated 25 July 2018