YEAR TO JUNE FOR EACH RESPECTIVE YEAR
TYPES OF EXPLORATION CONTROLS IN QUEENSLAND Environmental Authority applications must be refused for activities in the Great Barrier Reef catchment area which will or may result in the release of fine sediment or dissolved organic nitrogen to catchment waters. Land subject to other third-party interests (e.g. overlapping tenure regime creates a growing risk of land use conflicts with renewable projects). • The Planning (Social Impact and Community Benefit) and Other Legislation Amendment Act 2025 , passed in June, introduces new obligations
2019
2020
2021
2022
2023
2024
2025
for renewable energy projects. The changes may increase complexity, create overlap with existing resource obligations, and undermine coexistence between renewables and exploration/mining. C. Conditioning controls on exploration - policies that impose additional conditions:
A five-year deferral of rent was announced in 2023 on all mineral tenures as one of the initiatives in the Critical Mineral Strategy. D. Impacts on production (indirectly relevant to exploration): Financial Provisioning Scheme (FPS) framework • Mineral and Energy Resources (Financial Provisioning) Amendment Regulation 2025 raised the minimum estimated rehabilitation cost requiring risk assessment under FPS from $100,000 to $10 million, easing compliance for juniors. Mid-tier and major operators may face increased assessment fees and higher provisioning requirements. Three new tiers of coal royalty commenced in 2022. • Concerns with investment certainty in Queensland continue to be expressed across all commodity types. The 2025–26 Queensland Budget’s forward estimates, imply a continuation through 2028–29. The Queensland Critical Mineral Strategy launched in 2023. • In the 2024-25 Commonwealth Budget, the government announced its Future Made in Australia package which includes support for investment in critical minerals processing in Australia through the Critical Minerals Production Tax Incentive (CMPTI).
EXPLORATION SCORECARD 2025
21
Made with FlippingBook - professional solution for displaying marketing and sales documents online