2023 Policy Priorities - Legislation & Regulation

​SACOME continues to advocate for a best practice regulatory framework which facilitates industry activity, reduces sovereign risk, and supports long-term investment decisions.

A best-practice regulatory framework in South Australia will assist the resources sector in driving economic development and job creation for the state.
 
The resources sector is subject to extensive regulatory oversight across all stages of activity and is one of the most heavily regulated sectors in Australia.
 
South Australia benefits from a reputation as a low-risk investment destination. Sound regulatory structures, underpinned by broad industry support, create an attractive investment environment, and provide South Australia with a competitive advantage.
 
In 2023, the State Government has foreshadowed, inter alia:

• The introduction of amendments to the Petroleum and Geothermal Energy Bill;
• The introduction of a new and standalone Hydrogen and Renewable Energy Bill;
• The reopening of the Mining Act, which will be used by parties to further amend land access provisions;
• The promulgation of a Minerals Exploration Code of Conduct; and
• The introduction of scoping and revised financial assurances

 
SACOME members remain committed to ongoing consultation and collaboration to assist development and review of regulatory structures governing the resources sector.

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