Mineral and Energy Resources (Financial Provisioning) Act 2018
sec.3Main purposes
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sec.3 Main purposes
The main purposes of this Act are— to provide for holders of authorities to pay a contribution to the scheme fund, or give a surety, for the authorities; and to provide a way to manage the risk to the State of incurring costs and expenses if the holder of an authority or small scale mining tenure does not comply with the holder’s obligations under the authority or tenure; and to provide a source of funds to the State for costs and expenses relating to preventing or minimising environmental harm, or rehabilitating or restoring the environment, or securing compliance with an authority or small scale mining tenure; and to provide a source of funds to the State for— remediation activities in relation to mining activities previously carried out on an abandoned mine site; and remediation activities in relation to an abandoned operating plant; and research that may contribute to the rehabilitation of land on which resource activities have been carried out; and to administer payments received by the State under the Environmental Protection Act 1994 for residual risks of land on which resource activities have been carried out. s 3 amd 2019 No. 17 s 213 ; 2020 No. 26 s 103 ; 2020 No. 14 s 218 sch 1
- (a) to provide for holders of authorities to pay a contribution to the scheme fund, or give a surety, for the authorities; and
- (b) to provide a way to manage the risk to the State of incurring costs and expenses if the holder of an authority or small scale mining tenure does not comply with the holder’s obligations under the authority or tenure; and
- (c) to provide a source of funds to the State for costs and expenses relating to preventing or minimising environmental harm, or rehabilitating or restoring the environment, or securing compliance with an authority or small scale mining tenure; and
- (d) to provide a source of funds to the State for— (i) remediation activities in relation to mining activities previously carried out on an abandoned mine site; and (ii) remediation activities in relation to an abandoned operating plant; and (iii) research that may contribute to the rehabilitation of land on which resource activities have been carried out; and
- (i) remediation activities in relation to mining activities previously carried out on an abandoned mine site; and
- (ii) remediation activities in relation to an abandoned operating plant; and
- (iii) research that may contribute to the rehabilitation of land on which resource activities have been carried out; and
- (e) to administer payments received by the State under the Environmental Protection Act 1994 for residual risks of land on which resource activities have been carried out.
- (i) remediation activities in relation to mining activities previously carried out on an abandoned mine site; and