Extensive consultation with industry and key stakeholders has highlighted the need for tenure reforms that would:
- increase flexibility for explorers to respond to their findings
- reduce administrative burden for both industry and government
- encourage progression to production.
The key challenges we are examining include:
- land for exploration being held for long periods of time (a land turnover issue)
- periods prior to relinquishment that are too short for meaningful assessment of exploration results
- regulatory and administrative burden.
We are preparing improvements to the administration of resource authorities that will address these challenges and attract investment, ensuring Queensland’s resources industry is internationally competitive.
Proposed legislative and operational policy amendments will:
- allow greater flexibility in the way resource exploration companies operate their work programs, reducing administrative time and costs
- ensure certainty with appropriate terms for all exploration authorities, better relinquishment settings and clearer thresholds, encouraging investment
- improve productivity with simplified reporting and streamlined annual report requirements.
Extensive consultation with industry and key stakeholders has been central to the tenure reform project to date. The proposed changes will continue to be tested with key stakeholders and will not alter any environmental protection, native title or land access requirements.
For more information about tenure reforms, please email email@example.com or call (07) 3199 7381.
Last updated 28 November 2018