QLDIn ForceAct
Mineral Resources Act 1989
sec.318AKWhat is the public interest
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### sec.318AK What is the public interest
The public interest is a consideration of each of the following—
government policy;
value of commodity production (including time value);
employment creation;
total return to the State and to Australia (including royalty and rent), assessed on both a direct and indirect basis, so that, for example, downstream value adding is included;
social impacts;
the overall economic benefit for the State, or a part of the State, in the short and long term.
s 318AK ins 2004 No. 25 s 1020
- (a) government policy;
- (b) value of commodity production (including time value);
- (c) employment creation;
- (d) total return to the State and to Australia (including royalty and rent), assessed on both a direct and indirect basis, so that, for example, downstream value adding is included;
- (e) social impacts;
- (f) the overall economic benefit for the State, or a part of the State, in the short and long term.