Acts Amendment (Mining and Petroleum) Bill 1998
|Long Title||The purpose of this Bill is to amend the: Mining Act 1978; Petroleum Act 1967; and|
Petroleum (Submerged Lands) Act 1982. This Bill is designed to assist the mining and petroleum industries in title administration. To allow for a general purpose lease to be granted over an area in excess of the standard 10 hectares. This will allow major mineral resource projects to apply for one lease rather than multiple leases. Provide that where the holder of a mining tenement transfers that tenement, any lease application previously made in substitution for that tenement will be transferred at the same time to the incoming party. Provide that a condition may be imposed on the grant of a mining tenement or at any subsequent time requiring the lodgement of a security. To ensure that satisfactory investigations on the viability of the resource are carried out on a regular basis. Provide that a general purpose lease may be renewed for further periods of 21 years beyond the initial 42 years. To extend the authority of a petroleum title to encompass reserved land. By redefining "Crown land" in the Act to include reserved land the requirement to submit the title to the Native Title Act process more than once is removed. Provides for the 12 month term of a drilling reservation with its discretionary renewals to be replaced with a three year term plus a one year extension as a matter of right where all the conditions have been observed. To provide areas within a petroleum title to be protected by the imposition on the title of conditions which will prevent the holder from entering those areas.
|Status||Assented to 06/15/1999|
Royal Assent given 15 Jun 1999 as Act No. 17 of 1999. Different sections of this Act come into operation on Royal Assent and Proclamation. For details refer to Commencement Clause of the Bill (see also Assent and Commencement information for Acts)
|Previous Versions of this Bill|