64QDetermining the amount to be paid into the Declared Mine Fund

64Q Determining the amount to be paid into the Declared Mine Fund

In determining the amount of any rehabilitation bond to be paid into the Declared Mine Fund on the cancellation of the mining licence of a declared mine licensee, the Minister must consider—

(a) information submitted by the declared mine licensee in an application for a determination that closure criteria have been met relating to the value of the future costs associated with the monitoring and maintenance obligations under the post-closure plan for the declared mine land; and

(b) information submitted by the declared mine licensee in the application relating to the cost of rehabilitating the declared mine land after an adverse event.

Pt 5B (Heading and reg. 64R) inserted by S.R. No. 97/2022 reg. 13.