2AObjects

#### 2A Objects 2A Objects > The objects of this Act are to encourage and facilitate the discovery and development of petroleum resources in New South Wales, having regard to the need to encourage ecologically sustainable development, and in particular— > > > (a) to recognise and foster the significant social and economic benefits to New South Wales that result from the efficient development of petroleum resources, and > > > (b) to provide an integrated framework for the effective regulation of titles for petroleum prospecting and mining, and > > > (c) to provide a framework for compensation to landholders for loss or damage resulting from such operations, and > > > (d) to ensure an appropriate return to the State from petroleum resources, and > > > (e) to require the payment of security to provide for the rehabilitation of sites damaged or affected by such operations, and > > > (f) to ensure effective rehabilitation of disturbed land and water, and > > > (g) to ensure petroleum resources are identified and developed in ways that minimise impacts on the environment. > > **s 2A:** Ins 2015 No 40, Sch 2 \[1\].