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ARTICLE · 29 AUGUST 2012

Mines Legislation (Streamlining) Amendment Bill 2012 passed by Parliament

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The article explains how the legislation will affect compensation for the compulsory acquisition of resources interests.

AustraliaEnergy and Natural Resources
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By Martin Klapper, Partner and Gavin Batcheler, Senior Associate

Under legislation passed by the Queensland Parliament last week, an acquiring authority will be able to compulsorily acquire a resource interest (for example, a mining or petroleum tenement) without having to pay compensation that has regard to the value of the resource.

The compulsory acquisition of land will extinguish resources interests where the Minister is satisfied that they are incompatible with the purpose of the acquisition.

Here, partner Martin Klapper and senior associate Gavin Batcheler explain how the new legislation affects compensation for the compulsory acquisition of resources interests.

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