New Authority and Fund to Support Economic Transition for Coal-Dependent Regions
Future Jobs and Investment Bill 2025
1st House
2nd House
Law
This Bill was sponsored by Daniel Mookhey ( ALP )
Links to Info on Official Parliament Websites:
Effects of Bill:
This bill being passed means that:
a new NSW government agency — the Future Jobs and Investment Authority — is created to support economic development in regions whose economies depend on coal mining or coal-fired power generation
a Future Jobs and Investment Fund is established to finance transition projects, programs, and services for coal-dependent regions
a Future Jobs and Investment Board and local advisory committees represent specific coal regions and advise the Authority and Minister
coal mine operators who intend to close a mine must formally notify the Minister within specified timeframes — failure to notify is an offence
coal mine operators who have given a closure notice must prepare and maintain workforce plans to support affected workers
coal-fired power station operators must provide the Minister with closure information when required
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