Guidelines in development: Mine Subsidence Remediation Fund
In March 2015 the then Treasurer Andrew Constance announced the Baird Government would allocate $17 million from the Hunter Infrastructure and Investment Fund to address mine subsidence in the Newcastle city centre.
In conjunction with the Department of Premier and Cabinet and the Mine Subsidence Board, the Hunter Development Corporation is currently developing application guidelines for the Fund. The Fund will aim to cater to initial market demand that can be reasonably anticipated in the city centre as well as establish a Fund that is sustainable in the medium to longer term. The NSW Government is expected to announce further details in the near term.
Other Articles from this issue
Are you sure you have protected your #1 asset?
When clients come to us, they may not necessarily understand precisely what they want to achieve financially.
More funding allocated for replacing heavy rail
The NSW Government allocated another $103 million in the State Budget delivered in June toward the Newcastle heavy rail ...
Preparing for the unexpected
Making an insurance claim is always accompanied by the stressful, unexpected situation that gave rise to the claim.
NSW winning the solar race
NSW is leading Australia in developing renewable energy with the nation’s largest solar plant receiving its first solar ...
