Maintain mining rehabilitation bonds + closure plans
State mining regimes require financial assurance bonds for site rehabilitation.
Who must comply
Holders of mining tenements / leases.
What triggers it
Holding a mining lease.
When due
Bond posting on lease grant; closure plan periodic review.
Evidence required
Bond confirmation, closure plan, periodic review records.
Max penalty
Loss of lease; bond forfeiture; environmental liability
Summary
Each state mining authority requires holders of mining tenements / leases to provide financial assurance bonds to cover rehabilitation in the event of operator default. Closure plans must be updated periodically. Climate-related disclosure (ASRS) increasingly weights closure cost transparency.
Enforced by
Industries
Topics
Source: https://www.dcceew.gov.au/environment/mining. Rules Mate is not a law firm. Always verify against the live regulator source before acting.