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ARTICLE · 05 FEBRUARY 2013

Major reforms to Queensland's resources legislation proposed

Clayton Utz
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The Queensland Government is proposing to replace the five current resources acts with a single "Common Resources Act".

AustraliaEnergy and Natural Resources
Andrew Smith
Andrew Smith
Ben Cansdale
Ben Cansdale
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Key Points:

The Queensland Government is proposing to replace the five current Acts with a single "Common Resources Act" with multiple resource-specific regulations.

The Queensland Government is proposing that, by 2016, a new "Common Resources Act" be developed to replace the State's current resources legislation: the Mineral Resources Act 1989, the Petroleum and Gas (Production and Safety) Act 2004, the Petroleum Act 1923, the Greenhouse Gas Storage Act 2009 and the Geothermal Energy Act 2010.

An industry discussion paper has been released by the Department of Natural Resources and Mines to peak industry bodies and stakeholders that outlines the Government's proposal and its preferred process for implementing the reform.

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