2024 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.

Best Practice Regulatory Framework

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.

SACOME will continue to engage with the South Australian and Commonwealth Governments on a range of legislative matters, including:

• Petroleum and Geothermal Energy Regulations & associated policy instruments;
  
• Hydrogen and Renewable Energy Regulations & associated policy instruments;
• Scoping and financial assurance mechanisms under the Mining Act;
• Social Impact Guidance under the Mining Act; and
• Continued implementation of the Mining & Energy Regulations System which will replace the existing Tenement Management System used by the Department of Energy & Mining.

SACOME will continue to maintain a watching brief on emerging legislative issues ensuring that members remain informed throughout 2024.
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SACOME members remain committed to ongoing consultation and collaboration to assist the development and review of regulatory structures governing the resources sector.

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