Qld: Government releases Galilee Basin Development Strategy

On 7 November 2013, the Queensland Premier, Campbell Newman, released the Galilee Basin Development Strategy (Strategy). The Strategy acknowledges the long-term economic benefits that opening up the Galilee Basin to mining would bring to Queensland and is designed to support and encourage business and industry to develop key infrastructure across the region. The Strategy details … Read more

Victoria to raise the bar for mining exemptions

The Victorian Minister for Energy and Resources recently introduced the Mineral Resources (Sustainable Development) Amendment Bill 2013 (Vic) (the Amendment Bill) into the Victorian Parliament. The Amendment Bill, if passed, will likely make it more difficult for land to be declared exempt from exploration and mining licences. The Minister will now be required to consider … Read more

NSW streamlines standard mining lease conditions

On 17 October 2013, the NSW Resources and Energy Minister Chris Hartcher announced significant amendments to the standard conditions for mining leases to reduce regulatory duplication. The amendments will result in the removal of conditions that that seek to address matters already regulated by other government departments, such as the Department of Planning. The amendments … Read more

2013 Budget – Changes affecting the mining sector

The Federal Government’s 2013-2014 Budget (the Budget) contains a number of changes to existing tax rules some of which are expected to have adverse implications on the mining sector. Changes to accelerated tax depreciation arrangements The Federal Government announced immediate changes to Australian tax laws which impact income tax deductions available to mining companies. The … Read more

Current trends and regulatory changes for the mining industry in QLD – a quick review

If announcements are anything to go by, the immediate future for the mining industry at a regulatory level is looking brighter. The Queensland Government has announced their intention to attempt to decrease the inefficiencies that currently exist at a compliance level in the resources sector. Accordingly, the Queensland Government has recently enacted legislation to streamline … Read more