24 August 2012

Queensland Parliament passes reforms to resources legislation

Wide-ranging reforms to Queensland's resources legislation, designed to streamline and harmonise procedures for granting, and dealing with, various resource interests, in the new Mines Legislation (Streamlining) Amendment Bill 2012 have been passed by the Queensland Parliament on 22 August 2012.

Chapter 2 of the Bill, which includes new provisions dealing with compulsory acquisition of resource interests and the transportation and treatment of CSG water, will commence on assent (this normally occurs soon after passage of a Bill, however a specific date is not yet known).

Chapters 3 and 4 of the Bill, which includes the streamlining amendments dealing with permitted dealings, caveats and applications, will commence on a day to be fixed by proclamation. This is expected to occur by March next year.

We will provide updates as any further developments arise.


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