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Offshore Renewable Energy Bill

Regime for offshore renewable energy permits and infrastructure protection - Provisions relating to both feasibility permits and commercial permits - Permit transfers and changes in significant influence

48: Minister’s decision on approval

You could also call this:

"The Minister decides if a change in control of a permit holder is okay, considering rules and risks."

Illustration for Offshore Renewable Energy Bill

The Minister can approve a change in who has significant influence over a permit holder if they think the permit holder will still meet the requirements. You can find these requirements in section 19(1)(d) and (e) or section 29(1)(b), (c), (e), and (f), depending on the type of permit.

Before making a decision, the Minister must think about whether the change would put national security or public order at significant risk. The Minister must also consider other things that the regulations say are important.

The Minister has to consider these things before deciding whether to approve the change in who has significant influence over the permit holder.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS992192.

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47: Application for approval, or

"Asking to take control of a company with a permit"

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49: Change in circumstances during approval period, or

"Tell the Minister if your situation changes after getting approval"

Part 2Regime for offshore renewable energy permits and infrastructure protection
Provisions relating to both feasibility permits and commercial permits: Permit transfers and changes in significant influence

48Minister’s decision on approval

  1. The Minister may give approval for a change in significant influence over a permit holder if the Minister is satisfied that, given the change, the permit holder would continue to meet the permit holder suitability requirements in section 19(1)(d) and (e) or 29(1)(b), (c), (e), and (f) (as applicable depending on the permit type).

  2. Before giving approval, the Minister must have regard to—

  3. whether, given the change, the permit holder would pose any significant risk to national security or public order; and
    1. any other considerations that are prescribed by the regulations.