Ownership Requirements for Companies Seeking Approval Under the Coal Industry Act 2001
Revenue, Mining and Energy Legislation Amendment Bill 2023
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Companies seeking approval under section 9 of the Coal Industry Act 2001 must be wholly owned in equal shares by the Mining and Energy Union (MEU) and the Minerals Council.
Registered employer or employee organisations are exempt from duty when transferring property due to an amalgamation or withdrawal from an amalgamation.
The Coal Industry Act 2001 replaces references to the CFMEU with the Mining and Energy Union (MEU).
The MEU replaces the CFMEU in the Electricity Infrastructure Investment Act 2020; it also replaces them in the Work Health and Safety (Mines and Petroleum Sites) Act and Regulation.