To limit the impact of the coronavirus pandemic on Victoria’s resources sector, Earth Resources Regulation (ERR) will defer the collection of rent and annual fees this year.
On Friday, ERR announced that the collection of rent and annual fees for mining licences and quarries, around $3.5 million of revenue, will be delayed by 6 months to January 2021.
In consultation with industry, all rents on exploration, mining, prospecting and retention licences under regulation 29 of the Mineral Resources (Sustainable Development) Act 1990, and the annual fees for extractive industries work under regulation 16, are included.
“We are ready to expedite processes for quarries where there is a need to maintain a supply of critical materials, with priority given to critical infrastructure and bushfire recovery projects,” the regulator said.
ERR will consider the impacts of the coronavirus pandemic in its decision-making process for licence and work authority approvals, and for applications to vary licence and work authority conditions, such as expenditure requirements.
Further guidance to industry will be made available on evidence requirements.
“We will continue to consult with industry to understand the ongoing impacts of the coronavirus pandemic and adjust our response where necessary,” ERR stated.