New legislation introduced into Parliament aims to provide landholders and resource companies with greater certainty when negotiating conduct and compensation agreements and make good agreements.
Mines Minister Anthony Lynham says it’s critical to the Queensland economy and our regional communities that our agriculture and resources industries continue to co-exist.
He told Parliament that under the changes to the Mineral and Energy (Common Provisions) Act 2014, resource companies would be required to cover the reasonable and necessary agronomist costs incurred by a landholder to assess the real impact of resources activities on their land.
“This is in addition to the existing requirement for resource companies to pay a landholders reasonably and necessarily incurred legal, accounting and valuation costs.”
“The legislation also clarifies that these costs must be paid by a resources company even where negotiations are abandoned and an agreement is not reached, and the Land Court has been given the jurisdiction to determine these costs if there is a dispute between the parties.”
The proposed changes flow from a review of Queensland’s Gasfields Commission, which included an assessment of current land access and compensation arrangements.