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ARTICLE · 16 SEPTEMBER 2012

Recent changes to mining and onshore petroleum legislation in New South Wales

Holding Redlich
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Changes increase fees payable by mining and petroleum title holders and report on compliance with licence conditions.

AustraliaEnergy and Natural Resources
David Walker
David Walker
Andrew Fisher
Andrew Fisher
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New annual rental fees, administrative levies and provisions for security deposits and environmental and reporting conditions

The State Revenue and Other Legislation Amendment (Budget Measures) Act 2012 (NSW) was recently enacted to, among other things, amend mining and onshore petroleum legislation in New South Wales to:

  • introduce new fees for both mining and petroleum titles payable from 1 July 2012 including;
    • an annual rental fee; and
    • an administrative levy;
  • make further provisions for the imposition of conditions in relation to security deposits for both mining and petroleum titles; and
  • provide for the imposition of conditions for petroleum titles relating to the environment, rehabilitation and reporting.

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