Mineral and Energy Resources (Financial Provisioning) Amendment Regulation 2025

1Short title

This regulation may be cited as the Mineral and Energy Resources (Financial Provisioning) Amendment Regulation 2025.

2Commencement

This regulation commences on 1 October 2025.

3Regulation amended

This regulation amends the Mineral and Energy Resources (Financial Provisioning) Regulation 2019.

4Insertion of new s 2A

After section 2—
insert—

2APrescribed 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.

5Amendment of s 5 (Prescribed percentage—Act, sch 1, definition prescribed percentage)

(1)Section 5, ‘the prescribed percentage’—
omit, insert—

the percentage prescribed

(2)Section 5(c)—
omit, insert—

(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%.

6Replacement of sch 1 (Assessment fee)

Schedule 1—
omit, insert—

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