August 2023
David Salim
Group CEO & Principal Solicitor, Hetherington Board Member, Barker Henley Global
NOTE FROM THE EDITOR
In this edition of the Hetherington post, we explore the results from the recent Fraser survey, discuss various industry events and their key takeaways, and provide a summary of the Tjiwarl Native Title Compensation Case.
The team at Hetherington have attended a variety of industry events over the last couple of months including the South Australian Exploration & Mining Conference in December 2022, RIU Sydney Resources Round-up in May 2023, NSW Minerals Council Exploration and Tenures Forum in May 2023, with the key takeaways being discussed in this edition. Finally, Hetherington is looking forward to attending the 2023 Diggers and Dealers Conference in August this year, as well as presenting at the Mining News Select Conference held in Perth this September on due diligence for resources acquisitions and public listings.
INSIGHTS FROM THE FIELD
RECENT REGULATORY UPDATES
NSW MINERALS COUNCIL EXPLORATION & TENURES
Key Takeaways
- Holding an authorisation is enough to trigger a compliance audit, however a compliance audit may be triggered by specific events such as the grant of cooperative exploration funding.
- Authorisation holders are given little notice of an impending compliance audit.
- The kev to successtu combiance audits is understanding the nature and source of your obligations, having well implemented procedures to manage obligations from the grant of your authorisation and ensuring your procedures remain current as regulatory change occurs.
- It is too late to start preparing for a compliance audit once notification of an upcoming audit has been received
