Financial Provisioning Scheme
Program / SchemeReferenced in 5 bills
Mineral and Energy Resources and Other Legislation Amendment Bill 2020
This bill strengthens workplace safety in Queensland's resources sector by introducing industrial manslaughter offences, while also improving mine rehabilitation oversight, streamlining regulatory processes, and protecting energy and water consumers.
Environmental Protection and Other Legislation Amendment Bill 2020
This bill establishes a Rehabilitation Commissioner to provide independent advice on mine site rehabilitation and improves the framework for managing environmental risks on former resource sites. It ensures the State receives adequate funds from mining companies to manage residual risks after sites are closed, and requires these risks to be recorded on land titles.
Mineral and Energy Resources and Other Legislation Amendment Bill 2024
This bill reforms how Queensland manages the interaction between its resources industry and agricultural landholders. It creates a new framework to protect farmers from coal seam gas subsidence, expands dispute resolution services, modernises the mining rehabilitation insurance scheme, and streamlines regulatory processes across multiple resources laws.
Land and Other Legislation Amendment Bill 2022
This bill modernises Queensland's land, resources and environmental regulatory frameworks. It streamlines lease conversion and renewal processes, allows local governments to keep stock route revenue for maintenance, updates publication requirements from newspapers to digital media, and creates pathways for mining lease transfers.
Mineral and Energy Resources (Financial Provisioning) Bill 2018
This bill creates a new financial provisioning scheme to protect Queensland from the cost of mine rehabilitation when companies fail to meet their obligations. It replaces the previous individual financial assurance system with a pooled fund where companies pay contributions based on their assessed risk level, and requires all major mines to have Progressive Rehabilitation and Closure Plans with enforceable milestones.