New Authority and Fund to Support Economic Transition for Coal-Dependent Regions

Future Jobs and Investment Bill 2025

1st House

2nd House

Law

This bill was sponsored by Daniel Mookhey (ALP)

Effects of this bill

If this bill passes, it means that:

a new NSW government agency — the Future Jobs and Investment Authority — is created to support economic development in regions whose economies depend on coal mining or coal-fired power generation
a Future Jobs and Investment Fund is established to finance transition projects, programs, and services for coal-dependent regions
a Future Jobs and Investment Board and local advisory committees represent specific coal regions and advise the Authority and Minister
coal mine operators who intend to close a mine must formally notify the Minister within specified timeframes — failure to notify is an offence
coal mine operators who have given a closure notice must prepare and maintain workforce plans to support affected workers
coal-fired power station operators must provide the Minister with closure information when required

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