Commission fingers approval processes, lack of transparency as barriers for Aussie explorers
The coordination, transparency and accountability of exploration licence approval processes had to be improved to remove unnecessary burdens placed on resource explorers, the Productivity Commission said last week in its Mineral and Energy Resource Exploration Inquiry Report.
The commission was tasked with examining the nonfinancial barriers to mineral and energy resource exploration in Australia, with the inquiry having examined exploration approval systems and processes within and across jurisdictions, their effectiveness and efficiency, and the costs associated with the regulation of exploration activities.
The report also assessed the impact of nonfinancial barriers on the international competitiveness and economic performance of the sector.
“The Productivity Commission Inquiry Report released today confirms the need to ensure duplicative approval processes and regulations for oil and gas projects are minimised, and notes that there should be transparency in decision-making processes and that those decisions should be based on scientific evidence,” the Australian Petroleum Production and Exploration Association (Appea) commented.
The report also highlighted other ways in which unnecessary burdens on explorers could be removed, including making land access decisions that took into account the benefits of exploration to the wider community, and that were appropriate to the level of risk posed by exploration as informed by sound evidence.
Regulatory processes could also be reformed by improving access to existing knowledge of indigenous heritage and accrediting state and territory government processes which meet Australian government standards of indigenous heritage protection, the Productivity Commission said.
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