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  • GDP, US$bn: 1,257.9
  • GDP per capita, US$: 53,657.3
  • Population, mn: 24.0
  • Inflation, CPI ave: 1.3
  • FX, LCY/US$: 1.3
  • Budget Balance, % of GDP: -2.0
  • Mining GVA, US$bn: 73.9
  • Mining Industry Value, US$bn: 127.7
Country: Australia
Regulatory Risk Rating
47
0
100
Score: 47
Substantial Risk
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.

Corruption Potential Index

Score: 20
Extremely High Corruption Potential

Corruption Risk Index

Score: 90
Very Low Corruption Risk

Regulatory Risk Rating

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