Document ID: chunk:federal_register_of_legislation:F2024L01546:reg:5
Version: federal_register_of_legislation:F2024L01546
Segment Type: reg
Provision Reference: reg 5
Character Range: 1622–3212

5  Prescribed program
        1.    For the purposes of subsection 33(1) of the Act, the Resourcing Australia's Prosperity Program (the program) is prescribed.
        2.    The program provides funding to produce a minerals, energy and groundwater resources prospectus for Australia, including through the following key activities:
 (a)  collecting and analysing new and existing geoscience data using geophysical, geochemical, geological and other tools and techniques;

 (b)  assessing Australia's mineral, energy, and groundwater resource potential, geological storage potential, offshore renewable energy site suitability, techno-economics, and environmental, social and governance (ESG) factors;
 (c) developing, maintaining and delivering geoscience data and information, decision support tools, and online platforms; and
 (d) working with regional communities, industry, landholders, academia and First Nations peoples including through awareness raising, consultation and co-design of projects.

        1.    The purpose of the program is to deliver an improved understanding of Australia's potential for mineral, energy, and groundwater resources onshore and offshore. The program will identify the resources for a net zero emissions economy, attract investment, accelerate resource discovery and development, secure Australia's sovereign capability in critical resources development, support agriculture and sustainable management of our natural resources. It will also empower First Nations peoples and local community to understand and manage their land and water resources.