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.
 ASBG's Submission on Mine Rehabilition in Queensland 2017 | 526 kB |
