Financial assurance and rehabilitation in the resources sector
The Financial Provisioning Scheme (the scheme) manages the State of Queensland’s financial risk if Queensland resource sector holders of an environmental authority or a small scale mining authority fail to meet their rehabilitation obligations. The scheme commenced in April 2019 and is governed by the Mineral and Energy Resources (Financial Provisioning) Act 2018 (the Act).
The Act also established a residual risks fund to administer payments received by the State of Queensland under the Environmental Protection Act 1994. The Department of Environment, Tourism, Science and Innovation is responsible for administration of residual risk.
Contacts
- Financial Provisioning Scheme – email fps@treasury.qld.gov.au or phone 07 3035 3551.
- Environmental authority enquiries (including estimated rehabilitation cost) – visit applying for an environmental authority on the Business Queensland website.
- Resource authority enquiries – visit mining and resources on the Business Queensland website.