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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

49: Change in circumstances during approval period

You could also call this:

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

Illustration for Offshore Renewable Energy Bill

If you get approval for a change of significant influence, you must tell the Minister as soon as possible if your circumstances change in a way that might affect their decision. This is about the things mentioned in section 48. The Minister can cancel their approval at any time if they find out something new that changes their mind about the things in section 48. You should be aware that the Minister's decision can change if new information comes up during the approval period.

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This page was last updated on 29 June 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS992193.

48: Minister’s decision on approval, or

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

50: Notification of change in significant influence, or

"Tell the Minister if you gain or lose major control of a permitted company"

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

49Change in circumstances during approval period

A person given approval for a change of significant influence must notify the Minister as soon as is reasonably practicable if, during the approval period, the person becomes aware of any change in their circumstances that may materially affect the Minister’s consideration of any of the matters referred to in section 48.
The Minister may revoke an approval at any time during the approval period if, after giving the approval, the Minister becomes aware of any circumstances that affect the Minister’s consideration of the matters referred to in section 48.