📜 Acts Amendment (Mining and Petroleum) Bill 1998
Assented toLCBill 4118 November 1998
The Acts Amendment (Mining and Petroleum) Bill 1998 amends the Mining Act 1978, the Petroleum Act 1967, and the Petroleum (Submerged Lands) Act 1982. It relates to securities, transfers, and programmes of work for mining and petroleum tenements.
Impact
Mining and petroleum companies are directly affected as the bill modifies requirements for prospecting, exploration, and retention licences. The changes impact the process of transferring licenses and the conditions attached to them.
Key Changes
["Allows the Minister to require additional security for compliance with licence conditions.", "Specifies that applications continue in the name of the transferee when a licence is transferred.", "Allows the Minister to impose a condition requiring compliance with a specified programme of work for retention licences."]
Parliamentary Progress
- LC Second Reading MovedLC18 Nov 1998
- LC Third ReadingLC25 Mar 1999
- LC Second Reading AgreedLC25 Mar 1999
- LA Second Reading MovedLA12 May 1999
- LA Third ReadingLA3 June 1999
- LA Second Reading AgreedLA3 June 1999
Affected Sectors
miningresources
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