Victorian Numbered Acts

EXTRACTIVE INDUSTRIES (LYSTERFIELD) AMENDMENT ACT 2011 (NO. 57 OF 2011) - NOTES

No. 57 of 2011

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Victoria

Extractive Industries (Lysterfield) Amendment Act 2011^[†]

No. 57 of 2011

[Assented to 2 November 2011]

Preamble

The State and Boral Resources (Vic) Pty Ltd (the Company) are parties to an agreement that is set out in the Schedule to the Extractive Industries (Lysterfield) Act 1986 (the Agreement) under which the State granted the Company an extractive industry lease and an extractive industry licence on the terms set out in the Agreement. These terms include a term under which the Company must pay reclamation levies that are, in turn, payable into the Lysterfield Reclamation Levy Fund (the Fund), and a term under which the Company is to be paid money from the Fund to cover the cost of the reclamation of lands in accordance with the Agreement.

In 2002 the Minister for Energy and Resources agreed to payments from the Fund for certain reclamation works subject to a number of conditions, including a condition that the Company will undertake investigations into alternative quarry design options.

The reclamation works were successfully completed and paid for by the end of 2005 and the Company undertook those investigations and developed a revised quarry design which has been agreed to by the State.

It is expedient to enact legislation to enable changes to be made to the quarry in accordance with the revised quarry design.

The Parliament of Victoria therefore enacts:

^[†]     Minister's second reading speech—

    Legislative Assembly: 31 August 2011

    Legislative Council: 13 October 2011

    The long title for the Bill for this Act was "A Bill for an Act to amend the Extractive Industries (Lysterfield) Act 1986 and for other purposes."