4Definitions

4 Definitions

In these Regulations—

Reg. 4 def. of Environment Protection Authority inserted by S.R. No. 97/2022 reg. 5.

Environment Protection Authority has the same meaning as Authority has in the Environment Protection Act 2017;

exploration hazard means any exploration activity and circumstance that may pose a risk to the environment, to any member of the public, or to land, property or infrastructure in the vicinity of work carried out under a licence;

gold means any gold or silver content of ore, concentrates, alloy or metal that is sold as a product from a mine the principal activity of which is the mining of gold;

mining hazard means any mining activity and circumstance that may pose a risk to the environment, to any member of the public, or to land, property or infrastructure in the vicinity of work carried out at a mine;

net market value, of a mineral, means the market value of the mineral at the time it is first sold, transferred or disposed of, less any costs reasonably, necessarily and directly incurred by the licensee in connection with the sale, transfer or disposal (including insurance, freight and marketing expenses);

rehabilitation hazard means any rehabilitation activity and circumstance that may pose a risk to the environment, to any member of the public, or to land, property or infrastructure in the vicinity of the rehabilitation activity;

rehabilitation milestone means a measurable, significant event or step in the process of rehabilitation;

Reg. 4 def. of rehabilitation or closure milestone inserted by S.R. No. 97/2022 reg. 5.

rehabilitation or closure milestone, in relation to a declared mine rehabilitation plan, means a rehabilitation or closure milestone included in that plan in accordance with regulation 64F(2)(c);

Reg. 4 def. of relevant period inserted by S.R. No. 138/2019 reg. 4.

relevant period means—

(a) a financial year for which royalties must be paid; or

(b) if the Minister varies the period for which royalties must be paid under regulation 5(2), the varied period;

safe, stable and sustainable means—