Financial Provisioning Fund

Program / SchemeReferenced in 2 bills

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Mineral and Energy Resources (Financial Provisioning) Bill 2017

This bill creates a new pooled Financial Provisioning Scheme that makes mining companies share the cost of protecting Queensland from unrehabilitated mine sites. It also requires every mine to prepare a binding Progressive Rehabilitation and Closure Plan with enforceable milestones, audited every three years.

25/10/2017· Lapsed· Hon C Pitt MP
EnvironmentBusiness & EconomyRegional Queensland

Mineral and Energy Resources (Financial Provisioning) Bill 2018

This bill creates a new Financial Provisioning Scheme for Queensland's mining and energy sector, replacing the old financial assurance system. It establishes a pooled fund where companies pay risk-based contributions, and introduces enforceable Progressive Rehabilitation and Closure Plans to ensure mined land is progressively restored during and after mining operations.

15/2/2018· PASSED with amendment· Hon J Trad MP
EnvironmentBusiness & EconomyRegional Queensland
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