Mineral and Energy Resources (Financial Provisioning) Regulation 2019

View - Queensland Legislation - Queensland Government Skip to main content Site header Glossary --> About Site map Related links Contact us Help Search Toggle navigation Site navigation Home In force legislation Acts as passed SL as made Bills Repealed legislation Legislative tables Notifications Information Historical information Search Feedback Glossary --> About Site map Related links Contact us Help Table Of Contents Toggle navigation View whole SL Authorising Act Turn history notes on Legislative history Search SL PDF A Results: match 0 of 0 provisions Previous Hit Next Hit Return to search results 0 hits in page: First Last Mineral and Energy Resources (Financial Provisioning) Regulation 2019 Mineral and Energy Resources (Financial Provisioning) Regulation 2019 1 Short title This regulation may be cited as the Mineral and Energy Resources (Financial Provisioning) Regulation 2019 . 2 Commencement This regulation commences on 1 April 2019. 2A Prescribed rating— Act , s 11 For section 11 (4) of the Act , definition prescribed rating , the following credit ratings are prescribed— (a) a long-term credit rating by Fitch Australia Pty Ltd ACN 081 339 184 of BBB+ or higher; (b) a long-term credit rating by Moody’s Investors Service Pty Limited ACN 003 399 657 of Baa1 or higher; (c) a long-term credit rating by S&P Global Ratings Australia Pty Ltd ACN 007 324 852 of BBB+ or higher. s 2A ins 2025 SL No. 88 s 4 3 Prescribed insurer— Act , s 56 (1) For section 56 (3) of the Act , a prescribed insurer is an entity that is— (a) an approved security provider; and (b) not a sole parent captive. (2) However, if financial assurance mentioned in section 89 (1)(a) of the Act was provided by an entity that satisfied subsection (1)(a) and not subsection (1)(b) (a pre-commencement insurer ), a prescribed insurer includes the pre-commencement insurer. (3) In this section— approved security provider means an approved security provider under the Financial and Performance Management Standard 2009 , section 36. insurance company means a company authorised under the Insurance Act 1973 (Cwlth) to carry on insurance business. sole parent captive means an insurance company that— (a) is owned by a single company or a group of related bodies corporate; and (b) exists for the purpose of underwriting risks of a parent company or members of a group of related entities, including, for example, risks of joint venture partners and contractors of members of the group. 4 Assessment fee— Act , s 60 For section 60 (1) of the Act , the assessment fee payable for an allocation decision for an authority is stated in schedule 1 . 5 Prescribed percentage— Act , sch 1 , definition prescribed percentage For schedule 1 of the Act , definition prescribed percentage , the percentage prescribed is— (a) for an authority allocated to the risk category of very low—0.5%; or (b) for an authority allocated to the risk category of low—1.0%; or (c) for an authority allocated to the risk category of moderate—2.25%; or (d) for an authority allocated to the risk category of moderate-high—6.5%. s 5 amd 2025 SL No. 88 s 5 Schedule 1 Assessment fee section 4 $ 1 Assessment fee for an allocation decision for an authority, other than an allocation decision for an authority to which item 2 applies, if the estimated rehabilitation cost for the authority at the beginning of the day on which the decision is made is— (a) at least $100,000 but less than $1m 250 (b) at least $1m but less than $10m 1,250 (c) at least $10m but less than $50m 5,000 (d) at least $50m but less than $100m 11,250 (e) at least $100m 22,500 2 Assessment fee for an allocation decision for an authority that involves consideration of the characteristics of a resource project to which the authority relates, if the estimated rehabilitation cost for the authority at the beginning of the day on which the decision is made is— (a) at least $50m but less than $100m 22,500 (b) at least $100m 45,000 sch 1 sub 2025 SL No. 88 s 6 from top.html --> Site footer Copyright Disclaimer Privacy Right to information --> Accessibility Jobs in Queensland Government Other languages © The State of Queensland (Office of the Queensland Parliamentary Counsel) 2014-2026 (Ver. 2.7.30-7865 Rev. ) Queensland Government -->