The NSW Government has introduced the Future Jobs and Investment Authority to support coal-producing communities and the mining sector.
The authority will work with government, industry and local communities to attract investment, create jobs and manage mine transitions.
“Our coal regions have powered NSW for generations,” NSW Minister for Natural Resources Courtney Houssos said. “Now, we’re investing in their future by helping workers gain new skills and seize opportunities in a growing, diversified economy.
“Coal mine workers are the backbone of regional coal communities. The authority ensures their needs are front and centre as we build a stronger future for coal-producing communities.”
Coal is NSW’s top export, with around 40 mines across the Hunter, Illawarra, Central West, and North West regions supplying 90 per cent of production and exports to nearly 30 countries. The sector generates $2.7 billion annually through economic activity and royalties while supporting thousands of regional jobs.
The legislation, developed after extensive consultation with unions, industry bodies, councils and community groups, includes local divisions in each coal region to reflect local priorities.
Coal mine operators will be required to provide at least three years’ notice before closures and outline workforce support plans, helping communities and workers prepare for transitions. Failure to comply could result in financial penalties.
“The authority will drive investment and create new opportunities, supporting new jobs and industries that will sustain regional communities,” Houssos said. “Thank you to everyone who was part of our consultation process. Getting this framework right is critical to ensuring coal regions have the support they need into the future.”
The authority is backed by a $27.3 million investment over four years, with an additional $110 million allocated to fund projects.
Annual reporting to parliament and a statutory review after three years will ensure the body remains accountable and responsive as the coal sector evolves.