LAW3441 Natural Resources Law
|Faculty or Section :
||Faculty of Business and Law
|School or Department :
||School of Law
|Version produced :
||30 December 2013
Pre-requisite: (LAW3203 and LAW3204) or (LAW5703 and LAW5704)
Today, the wealth of Australia ostensibly lies in its energy and resources, which are vast. These range from non-renewable oil, gas, coal, and uranium, to renewable geothermal, hydro, wind, solar, ocean, and bioenergy. Australia's energy and resources markets are both domestic and international, in particular engaging the emerging markets of India and China.
Coal Seam Gas is a topical issue for energy and resource lawyers, especially in Queensland and New South Wales although also possibly other States and Territories. Regulation of Coal Seam Gas exploration and extraction is constantly changing. Energy and resources law addresses issues of regulation, parties, and interests. How do federal and state governments balance the interests of mining and petroleum operators with the interests of landholders? What regulatory aspects of energy and resources law do these governments affect?
Energy and resources law is an increasingly specialised field of legal practice. More is expected of the modern energy and resources lawyer than mere transaction work. There is always the prospect of litigation, which is likely to increase in frequency with the value of Coal Seam Gas. Compensation to landholders is increasingly important.
This course also considers questions like: what power imbalances exist between parties in negotiations? What is the Land Court? What are the Planning or Land and Environment Courts? Who are the Mining Wardens? Energy and resources law concludes with a view to the future. This field is changing. What regulation is required? What litigation is deserved? Who is prepared to be an energy and resources lawyer?