Crown Minerals Act 1991

Permits, access to land, and other matters - Decommissioning of petroleum infrastructure and wells - Financial securities

89ZQ: Permit holder or licence holder may object to required financial security arrangement or required change to that arrangement

You could also call this:

"You can disagree with a financial security arrangement or change within 30 working days"

Illustration for Crown Minerals Act 1991

If you get a written notice about a financial security arrangement, you can object to it. You have 30 working days to tell the Minister in writing that you do not agree with the arrangement. You must give reasons why you object and provide evidence to support your objection, and you must refer to the criteria in section 89ZM that you think are relevant. If you make an objection, you cannot object again to the same arrangement unless something changes.

If you receive a notice about a change to the financial security arrangement, you can also object to the change within 30 working days. You must tell the Minister in writing and give reasons why you object, along with evidence to support your objection, and refer to the criteria in section 89ZM that you think are relevant. You can only object again if something changes.

You can object to a required financial security arrangement or a required change by noticing the Minister in writing within 30 working days of receiving the notice under section 89ZN(5) or 89ZP(1).

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This page was last updated on 14 August 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS623095.

Topics:

Environment and resources > Farming and fishingBusiness > Industry rules

89ZP: Minister must notify required or permitted changes to financial security arrangement, or

"Minister tells you about needed changes to your money guarantee."

89ZR: What happens if permit holder or licence holder makes objection, or

"What happens if you disagree with a decision about your mining permit or licence?"

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

89ZQPermit holder or licence holder may object to required financial security arrangement or required change to that arrangement

A permit holder or licence holder who receives written notice under section 89ZN(5) or 89ZP(1) may, within 30 working days of receiving that notice, object to the required financial security arrangement or a required change, as the case requires, by notice in writing to the Minister.
A notice of objection under subsection (1) must be accompanied by reasons for, and evidence or other information supporting, the objection and refer to the criteria in section 89ZM that the objector considers relevant.
If a permit holder or licence holder makes an objection under subsection (1), they cannot make any subsequent objection to the required financial security arrangement or required change described in the notice unless there is a change in circumstances.

Notes

Section 89ZQ: replaced, on 6 August 2025, by section 54 of the Crown Minerals Amendment Act 2025 (2025 No 40).