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COMMITTEE'S REPORT

The committee tabled its report, No. 6, 56th Parliament - Mineral and Energy Resources (Financial Provisioning) Bill 2018 on 20 April 2018. The Bill was passed in the Legislative Assembly on 14 November 2018.

ABOUT THE BILL

On 15 February 2018 the Hon Jackie Trad MP, Deputy Premier, Treasurer and Minister for Aboriginal and Torres Strait Islander Partnerships introduced the Mineral and Energy Resources (Financial Provisioning) Bill 2018 into the Queensland Parliament.  The Bill was referred to the Economics and Governance Committee for detailed consideration.

The explanatory notes stated that the policy objectives of the Bill were to:

• manage the financial risk to the State if mineral and energy resource tenure holders do not comply with their environmental management and rehabilitation obligations
• ensure land disturbed by mining activities is rehabilitated to a safe and stable landform that does not cause environmental harm, and can sustain an approved post-mining land use.

It should be noted that the Mineral Energy Resources (Financial Provisioning) Bill 2017, which was substantially the same as the 2018 Bill, was referred to the former Agriculture and Environment Committee prior to the dissolution of Parliament for the 2017 election. The former committee had not concluded its inquiry for that bill, which lapsed when the 55th Parliament was dissolved. See former committee inquiry - here.

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