In Australia There Is a Specific Requirement for Reporting Entities

question 46

Multiple Choice

In Australia there is a specific requirement for reporting entities in the extractive industries to disclose:

• A) Information about the potential environmental impact on protected species (as specified by state Environmental Protection Authorities) of any proposed or current extraction activities. The information is to be provided by category of protected species and verified by independent auditors.
• B) Information about the amount of restoration obligations recognised as a liability in their financial reports and the accounting methods adopted in determining the liability for restoration.
• C) Provisions for the reconstruction of environments damaged through mining processes. The disclosure should include costs measured using present value and take into account the local Environmental Protection Agency's requirements regarding the state to which the area should be returned on the completion of extraction of the minerals.
• D) Information about the environmental and social impacts of their operations, which are often in small local communities isolated from other sources of employment and revenue generation. The information to be provided includes average salary levels, training and education opportunities provided, health and safety procedures as well as disclosures about the cost of restoring the environment back to its original condition on completion of mining.
• E) None of the given answers.

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Definitions:

Safety and Security

Refer to measures and protocols implemented to protect individuals from harm or danger, ensuring physical wellbeing and protection against threats.

Motivated

Having a desire or willingness to act or work towards achieving personal or defined goals.

Self-Actualising

Self-actualising refers to the realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Mystical Experiences

Profound and often spiritual experiences that provide a sense of unity or oneness with the universe, often altering one's perception and understanding of reality.