SUBMISSION ON THE PRODUCTIVITY COMMISSION’S RESOURCES SECTOR REGULATION DRAFT REPORT

TIA resources submission

28 August 2020

TIA strongly supports enhanced transparency and accountability in resource sector regulation. Enhanced transparency and accountability measures not only reduce corruption risks, they create more certainty for the industry.

If corruption occurs in the Australian mining sector, the potential costs to the sector and to the community more broadly are significant. Therefore, it is necessary that mining approval processes across Australia have mechanisms in place to prevent corruption from occurring and ensure that the Australian mining sector is productive and trusted.

While Australia is a mature mining jurisdiction, our corruption risk assessment uncovered several corruption vulnerabilities in the mining approvals processes of WA and Qld.

TIA would like to see these corruption risks addressed and have included relevant recommendations for the Commission’s consideration when producing its final Resources Sector Regulation report.