Part 7 Coastal tendering
158Requirements of tender
Every tender for an authorisation shall—
- specify the activity or range of activities in respect of which the authorisation is sought;
and
-
- in respect of an activity to which
section 152(1)(b)
applies, the maximum period of any proposed coastal permit, and the maximum amount of material
proposed to be extracted under the permit; and
- specify the total remuneration offered, including—
- any initial payment for the authorisation:
-
- any royalty for the extraction of material, and any proposed formula for adjustment of
royalty.
- any initial payment for the authorisation:
-
Every such tender shall be accompanied by—
- the prescribed fee (if any) and, if an initial payment for the authorisation is offered, a cash
deposit of that payment or equivalent security to the satisfaction of the Minister; and
- any additional information specified in the public notice calling for tenders.
Notes
- Section 158(1)(b): repealed, on , by section 18 of the Resource Management Amendment Act (No 2) 2004 (2004 No 103).
- Section 158(1)(d)(ii): repealed, on , by section 18 of the Resource Management Amendment Act (No 2) 2004 (2004 No 103).
- Section 158(1A): repealed, on , by section 18 of the Resource Management Amendment Act (No 2) 2004 (2004 No 103).