This submission was lodged to Queensland Treasury, which proposes its own Tailored Solution with two surety funds to cover the risks of existing and future mines rehabilitation should a mine become insolvent or similar.  In effect, Queensland Treasury is to become the Financial Assurance 'underwriter', but based on the $167m fund.  ASBG commented that this approach for mines would not fit with other industry sectors for a number of reasons.  Also the US Superfund is an example of what issues can arise when government takes on contaminated land risk, has many lessons to learn from.  ASBG offers a number of improvement areas for consideration.

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