The NSW Government has introduced the Mining and Petroleum Legislation Amendment Bill 2017 (NSW). The Bill seeks to reduce regulatory oversight of the mining industry through streamlining the approvals process for ancillary mining activities. The new approval process allows mining operators to consolidate their rehabilitation obligations for multiple ancillary mining activities on to a single title. Reforming this requirement will limit administrative costs for mining companies. The Government stressed that there will be no negative effects on environmental protection across the state. This will be ensured by rehabilitation security deposits and conditions requiring environmentally mitigating practices. The bill will also work to improve life cycle compliance by increasing enforcement framework for mining and petroleum activities and increasing financial penalties for providing false and misleading information regarding activities.
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