CHART 4.4.3 QUEENSLAND AND OTHER JURISDICTIONS SENTIMENT 2024-25
Queensland Other jurisdictions
Conduct/compensation agreements Increased costs due to inflation Environmental regulation Policy uncertainty (Commonwealth) Policy uncertainty (State) Native Title regulations Conduct/compensation agreements Native Title regulations Policy uncertainty (State) Policy uncertainty (Commonwealth) Environmental regulations Increased costs due to inflation
Land available for exploration Cultural Heritage regulations Access to investment capital Approvals Royalty and tax rates Exploration permit process Land available for exploration Exploration permit process Royalty and tax rates Approvals Access to investment capital Cultural Heritage regulations
Resources prospectivity Equipment availability Labour/skills availability Social licence to operate Departmental/Government assistance Pre-competitive geoscientific data Resources prospectivity Pre-competitive geoscientific data Department/Government assistance Social licence to operate Labour/skills availability Equipment availability
0
-55 -55
-35 -35
-25 -25
-5 -5
15 15
35 35
-45
-15
5
25
Net impact, from negative (left of X-axis) to positive (right of X-axis)
Queensland
Other jurisdictions
Net impact, from negative (left of X-axis) to positive (right of X-axis) with zero reflecting neutral impact
In addition to capturing sentiment in Queensland the survey respondents were asked to compare Queensland to the other jurisdiction in which their company undertook significant exploration activity. The sentiment for these “other jurisdictions” are shown in Chart 4.4.3. Of the “other jurisdictions” noted, 93% were within Australia across the Northern Territory, Western Australia, New South Wales and South Australia. This comparison between Queensland and other jurisdictions offers an insight into the challenges and opportunities presented by Queensland.
Of note, Queensland showed markedly improved conditions for explorers in native title regulations, and cultural heritage regulations, albeit still being negative contributors to sentiment. While these factors highlight areas where Queensland’s policy environment has improved relative to other jurisdictions, Queensland continues to lag behind in most sentiment categories. In fact, Queensland underperforms in 14 out of 18 categories when compared to other regions, indicating that we are losing ground in the competition for exploration attractiveness.
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