Resources and Other Legislation Amendment Bill 2021
The Resources and Other Legislation Amendment Bill 2021 was introduced on 16 June 2021. It proposes a number of amendments that will provide certainty to resource authority holders and ensure existing rights and interests are maintained.
The Bill is currently with the Transport and Resources Committee for detailed consideration. See below for information on how to make a submission to the committee’s inquiry.
Legal standing of historical leases
The proposed amendments clarify the legal standing of certain leases approved between 1989 to 2010 under the Mineral Resources Act 1989 and the Petroleum Act 1923. The amendments clarify that leases issued without an instrument of lease are valid and have always been valid.
Expiry of authorities to prospect (ATPs)
The amendments propose to defer the expiry of existing authorities to prospect (ATPs) that are subject to production lease applications.
This would mean ATPs due to expire on 1 November 2021 will remain valid until a decision is made on the lease applications.
Renewal of production leases
Under the proposed amendments, if a company has made a valid application to renew a production lease under the Petroleum Act 1923 before the lease expires, that lease will remain in force beyond its expiry date until a decision is made on the renewal.
The proposed amendments do not provide any additional rights or entitlements. They simply provide additional time for a decision to be made.
Making a submission
Visit the Resources and Other Legislation Amendment Bill 2021 inquiry page on the Queensland Parliament’s website for information on how to make a submission. Submissions close at 4:00pm Monday 12 July 2021.
Last updated 28 June 2021