Maritime Transport Act 1994

Financing plans and responses to protect the marine environment from marine oil spills - New Zealand Oil Pollution Fund

332: Expenditure budgets required before certain money paid from Fund

You could also call this:

"Get Fund money? First, plan how you'll spend it and get approval"

When you want to get money from the New Zealand Oil Pollution Fund, you need to follow some rules. You have to make a budget for how you will spend the money and get it approved first. The Minister or the Authority will approve your budget, depending on who you are.

If you are the Authority, you need to talk to the Oil Pollution Advisory Committee about your budget before you submit it to the Minister. You also need to think about the budgets that regional councils have given you. Your budget is in addition to the rules you already have to follow under the Crown Entities Act 2004, which you can find on the legislation.govt.nz website.

There are some cases where you do not need to make a budget, such as when you are using the Fund for certain purposes listed in section 331 or for purposes specified by regulations under section 394(a). The Minister will decide how much money the Fund should keep in reserve, after talking to the Minister of Finance.

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This page was last updated on 25 May 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM337850.

331: Application of money in New Zealand Oil Pollution Fund, or

"How the New Zealand Oil Pollution Fund is used to help with oil spills"

333: Oil pollution levies, or

"Charges to help pay for cleaning up oil spills in New Zealand's waters and coastlines."

Part 24Financing plans and responses to protect the marine environment from marine oil spills
New Zealand Oil Pollution Fund

332Expenditure budgets required before certain money paid from Fund

Payment shall not be made under paragraph (a) or paragraph (b) or paragraph (d) of section 331 from the New Zealand Oil Pollution Fund to the Authority in any financial year unless such payment is in accordance with an expenditure budget submitted by the Authority from time to time and approved by the Minister in his or her sole discretion.
Payment shall not be made under section 331(f) from the Fund to any regional council in any financial year unless such payment is in accordance with an expenditure budget submitted from time to time by the regional council to the Authority and approved by the Authority in its sole discretion.
The Authority shall, before submitting a budget under subsection (1) to the Minister for approval, consult the Oil Pollution Advisory Committee about that budget and shall consider the budgets received by the Authority from regional councils under subsection (2).
The obligations of the Authority under this Act in respect of its expenditure budget shall be in addition to its obligations under the Crown Entities Act 2004.
Expenditure budgets are not required under this section in respect of the application of the Fund for the purposes provided in paragraph (c) or paragraph (e) or paragraph (g) of section 331 or for any purposes specified by regulations under section 394(a).
The Minister shall from time to time, after consultation with the Minister of Finance, determine what financial reserves it is desirable for the Fund to hold.

Notes

Section 332(4): amended, on 25 January 2005, by section 200 of the Crown Entities Act 2004 (2004 No 115).