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Victoria

Regulatory Risk Rating

Moderate
Regulatory Risk

Regulatory Corruption Risk

Very High
Regulatory Corruption Risk

Corruption Exposure Risk

Low
Corruption Exposure Risk
Regulatory Risk Rating Factors Risk Level
1st Come / 1st Serve Subscribe
Application Critiera Subscribe
Competing Licences Subscribe
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Duration Subscribe
Mineral Coverage Subscribe
Right to Mine Subscribe
Criteria for Mining Rights Subscribe
Tenure Subscribe
Surface Rights Subscribe
Government Take Subscribe
Transfer Rights Subscribe
Change of Control Subscribe
EIA Process Subscribe
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The Victoria mining regime was revised in 2012 to extend its two main licencing options to four (including a retention licence); the amendments of 2012 were improvements over the wide-ranging discretion of the Minister that was embedded in the legislation before such amendments, but the legislation remains insufficient to provide a solid foundation for the miner to develop projects with confidence; the result is a poor rating by Hutte. The retention of ground staking as a means of securing title in addition to map staking, as in the case of Western Australia, leaves much to be desired as a model for modern international mining standards.

Contents

Regulatory Risk Rating

Moderate
Regulatory Risk

Regulatory Corruption Risk

Very High
Regulatory Corruption Risk

Corruption Exposure Risk

Low
Corruption Exposure Risk