Contact: James Plumb, Partner and Jasmine Wood, Solicitor; Carter Newell (Queensland, Australia)
The Mineral and Energy Resources (Common Provisions) Act 2014 (Qld) (Common Provisions Act) was passed by the Queensland Parliament last month. The Common Provisions Act has now received assent and will come into effect on a proclamation date yet to be fixed.
The passage of the Common Provisions Act represents a key milestone in the Government’s Modernising Queensland Resource Act Program, a self-proclaimed flagship reform initiative for the resources industry. The ultimate goal of the program is to consolidate various legislative instruments1 that currently govern different elements of the Queensland resources sector (including mining, oil and gas, geothermal energy and greenhouse gas storage activities) with a single Act.
In addition to creating the key legislative instrument, the Common Provisions Act will repeal various parts of the existing legislative regime, as the first stage of a three stage implementation process.
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