Action 19

Financial assurances

Scoping/Drafting

Implement financial assurances to adequately protect the State from potential liabilities associated with hydraulic fracture stimulation in Western Australia.

Lead agency
Department of Mines, Industry Regulation and Safety
Target completion date
December 2020
Revised completion date
N/A

Updates

31 March 2020

A paper, outlining the State Government’s position is being finalised, together with development of drafting instructions for legislative and regulatory amendments required to implement a number of actions.

31 December 2019

Consultation paper, documenting the holistic financial assurance options available to the State, is under development.

30 September 2019

The Department of Mines, Industry Regulation and Safety is currently exploring holistic financial assurance options available to the State; including mechanisms available under the Environmental Protection Act 1986 for establishing financial assurances, which may provide an alternative means to minimise public liability for remediation.

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