New Reforms To Drive Victoria’s Mineral Resources Boom

VIC Premier

The Andrews Labor Government is delivering the reforms Victoria’s resources sector needs to ensure the state can grow and transition towards renewables while protecting the environment and ensuring meaningful community input into new proposals.

The Minerals Resources (Sustainable Development) Amendment Bill was passed by Parliament this week which enables the continuation of reforms to how quarry and minerals activities are managed across the state.

Thew modernised provisions will focus regulatory effort on higher risk sites and activities while reducing red tape for more standard changes.

There will be no reduction in safety and environmental safeguards and will ensure a more transparent and consultative approach for local communities to be engaged on work proposals and throughout the life of site operations.

The outdated work approvals scheme will be replaced with a contemporary and transparent system based on a statutory duty for eliminating risk. This will drive the highest standards of performance, best practice and a simpler, more transparent approval process for industry and communities to understand.

It ensures our regulatory system is better able to meet the increasing demand for our resources, while strengthening protections for community and the environment.

Victoria’s resources sector will play a key role in our ambitious renewable energy agenda. Our globally significant critical minerals potential will place Victoria as a leader in the renewable energy supply chain. Our extractive materials will be in high demand to continue building the infrastructure we need all across the state.

The Victorian Budget 2023/24 is investing $23.2 million to deliver best-practice reforms and streamlined approvals. These changes will ensure Victoria has the right balance between supporting the resources industry to grow, while protecting communities and the environment.

The legislative amendments will commence on 1 July 2027 providing the time needed to develop the supporting regulatory systems and details in close consultation with industry, local government, environmental groups and communities.

As stated by Minister for Energy and Resources Lily D’Ambrosio

“These changes will help deliver the materials we all need while maintaining protections for communities and the environment.”

“We’re supporting our growing mineral resources sector to get the job done, as our state demands more rock, sand and critical minerals to build new homes, hospitals, schools, transport and renewable energy infrastructure.”

/Public Release. View in full here.