This activity contributes to Purpose 2: Growing business investment and improving business capability. It is made up of policy development initiatives, interventions and projects that are intended to support the sustainable development of the resources sector, attract private sector investment and encourage innovative technologies.
The department will work to deliver this activity through strategies such as:
- providing policy advice to government on matters relating to the exploration, investment, management and development of Australia’s minerals and energy resources
- managing the sustainable development of Australia’s onshore energy resources, including implementing the Australian Domestic Gas Security Mechanism, and supporting the development of new onshore gas supply through the Gas Acceleration Program
- promoting Australia’s resources interests by maintaining effective international engagement with key trading partners and multilateral forums
- securing effective long-term management of Australia’s radioactive waste by identifying and establishing a radioactive waste management facility in Australia
- managing the oversight of the Commonwealth’s responsibilities in relation to the on-going remediation and maintenance of the Maralinga site in South Australia
- promoting sustainable mine closure practices through the Commonwealth’s participation in ongoing rehabilitation planning and regulation at the Ranger and Rum Jungle sites in the Northern Territory
- supporting the development of Australia’s low emissions technology industries through the Carbon Capture and Storage and abatement programs and the Coal Mining Abatement Technology Support Package
- supporting the sustainable development of Australia’s offshore resources by managing the offshore petroleum, greenhouse gas and minerals regimes and encouraging further investment in Australia’s offshore resources sector
- attracting further investment in Australia’s offshore resources sector through the effective and efficient administration of Australia’s offshore petroleum titles regime, including administration of the Offshore Petroleum and Greenhouse Gas Storage Act 2006.
Performance measurement and assessment
Activity 2.4: Resources
- Sustainable development of the resources sector
- Increased private investment
- Uptake of innovative technologies
Contributing components | Performance criteria | 2018–19 targets | 2019–20 targets | 2020–21 targets | 2021–22 targets |
|---|---|---|---|---|---|
Carbon Capture and Storage Flagships | Number of projects supported to accelerate the deployment of low emission technologies | 8 | N/A | N/A | N/A |
Coal Mining Abatement Technology Support Package | Number of projects supported to develop technologies to safely reduce coal mining fugitive methane emissions | 1 | 1 | N/A | N/A |
Offshore Minerals Act 1994 | Percentage of Offshore Minerals Act 1994 fees received paid to States/ Northern Territory for administration (%) | 100 | 100 | 100 | 100 |
Maralinga Maintenance | Effective management of the Maralinga section 400 in line with obligations under the 2009 Handback Deed | ||||
National Offshore Petroleum Titles Administrator | Titles administration is effective and delivered on a full cost recovery basis, in accordance with regulatory requirements | ||||
NT Uranium Royalty (Ranger Project Area) Administration (including SPP) | Efficient and effective biannual collection, payment and reconciliation of uranium royalties | ||||
Petroleum Royalties Administration | Timely and accurate delivery of audits and monthly administration and verification of petroleum royalties | ||||
Royalty Payments WA - Offshore Petroleum and Greenhouse Gas Storage Act 2006 (SPP) | Timely and accurate calculation, verification and advice to the Commonwealth Treasury of the amount payable to Western Australia | ||||
Radioactive Waste Management | Effective delivery of activities supporting the government’s radioactive waste management strategy | ||||
Rum Jungle Mine Site - Environmental Rehab (SPP) | Effective delivery of scheduled activities for the Rum Jungle Mine Site Rehabilitation Project | ||||
Supporting the Development of New Onshore Gas Supply | Effective delivery of the projects in the Gas Acceleration Program to bring forward additional gas supply to the east coast market | ||||
Resource Policy | Providing timely, evidence based policy advice, analysis and development to support the growth of competitive and sustainable resources industry | ||||