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Crown Minerals Act 1991

Permits, access to land, and other matters - Decommissioning of petroleum infrastructure and wells - Reporting requirements

89ZC: Decommissioning cost estimate

You could also call this:

"Telling the government how much it will cost to clean up after a project"

Illustration for Crown Minerals Act 1991

If you have to pay for decommissioning work under this law, you must give the chief executive an estimate of how much it will cost. You have to do this at certain times, such as when you are asked to by the Minister, or when certain events happen. You must also make sure your estimate meets any standards that are set for it. The Minister can ask you for more information about your estimate, and you have to give it to them within a certain time.

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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=LMS622535.

Topics:
Environment and resources > Conservation
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89ZB: Subpart 2 decommissioning plan, or

"Plan for closing down a site or project: what you must do and when"

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89ZD: Asset registers to be submitted to chief executive, or

"You must give the chief executive a list of things to clean up when you're done with a permit or licence."

Part 1BPermits, access to land, and other matters
Decommissioning of petroleum infrastructure and wells: Reporting requirements

89ZCDecommissioning cost estimate

  1. A person who is, or will be, obliged, under this subpart, to carry out and meet the costs of decommissioning must submit a cost estimate of all anticipated decommissioning work (a decommissioning cost estimate) to the chief executive—

  2. at the prescribed times (if any); and
    1. within a specified time of the occurrence of prescribed events (if any); and
      1. on request from the Minister, within any reasonable time specified in the request.

        1. The decommissioning cost estimate must—

        2. comply with the standards prescribed (if any) for developing that estimate; and
          1. meet any further prescribed requirements.

            1. The Minister may require any person who submits a cost estimate under subsection (1) to supply further information relating to the cost estimate within a time specified by the Minister.

            Notes
            • Section 89ZC: inserted, on , by section 18 of the Crown Minerals (Decommissioning and Other Matters) Amendment Act 2021 (2021 No 53).