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ARTICLE · 14 APRIL 2016

澳大利亚昆士兰建立责任链修订案以整治环境治理责任(英文版

Jones Day
Jones Day
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Jones Day

Jones Day

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The mining and resources downturn is bringing forward the closure of many of Australia's ageing smelters, steelworks, power stations and mines and their corresponding environmental rehabilitation obligations.

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The mining and resources downturn is bringing forward the closure of many of Australia's ageing smelters, steelworks, power stations and mines and their corresponding environmental rehabilitation obligations. Often, the owners of those assets lack the financial ability to cover their statutory obligations. Due to inconsistent regulatory practices across states and industries, the rehabilitation bonds and other financial assurances provided by owners are either nonexistent or inadequate, leaving it for state governments to fund the shortfall. Facing tight fiscal operating conditions and limited budgetary maneuverability, state governments have increasingly been moving to close the gaps in legislation which have made it difficult to ensure that rehabilitation liabilities are not passed back to the taxpayer.

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