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Crown Minerals Act 1991

Permits, access to land, and other matters - Permits, access to land, and title notations - Outgoing guarantees: permits and licences for petroleum

41I: Requirement to provide outgoing guarantee

You could also call this:

"Ministers can ask you to promise to pay money if something goes wrong, and you must do what they say."

Illustration for Crown Minerals Act 1991

When the Ministers want you to provide an outgoing guarantee, they give you a notice. The notice tells you what the guarantee must be, like who must provide it or how much money is involved. You have to follow what the notice says.

If you do not provide the guarantee as stated in the notice under section 41I(2), the Minister might not give their consent under section 41 or 41AE. The Ministers can decide what they want the guarantee to be. They send you a notice to tell you what they want.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1466133.

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Part 1BPermits, access to land, and other matters
Permits, access to land, and title notations: Outgoing guarantees: permits and licences for petroleum

41IRequirement to provide outgoing guarantee

  1. The Ministers may require an outgoing guarantee by giving notice to an outgoing person.

  2. The Ministers may specify in the notice the nature and extent of the outgoing guarantee (for example, who the guarantee must be provided by, or the amount or proportion payable under the guarantee).

    Guidance note

    A failure to provide an outgoing guarantee in accordance with a notice under section 41I(2) may result in the withholding of the Minister’s consent under section 41 or 41AE.

Notes
  • Section 41I: inserted, on , by section 34 of the Crown Minerals Amendment Act 2025 (2025 No 40).