This page is about a bill. That means that it's not the law yet, but some people want it to be the law. It could change quickly, and some of the information is just a draft.

Offshore Renewable Energy Bill

Decommissioning of ORE infrastructure - Decommissioning obligation - Requirements connected to decommissioning obligation

78: Information needed to monitor financial position

You could also call this:

"Keeping track of money information for offshore energy projects"

Illustration for Offshore Renewable Energy Bill

If you have a decommissioning obligation for offshore renewable energy infrastructure, you must keep a record of certain information. This information is what the regulations say is relevant and necessary for the Minister to monitor your financial position. You will need to provide a copy of this information to the Minister when they ask for it, in the way they request or as prescribed by the regulations.

You should look at the regulations to see what information you need to keep. The Minister will use this information to check your financial position, including any financial securities you have.

When providing information to the Minister, you can also see section 116 to understand how the information will be used and shared.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=LMS992236.

77: Decommissioning completion reports, or

"Telling the boss when you've finished taking apart offshore energy equipment"

79: Obligation to ensure that acceptable financial security arrangement is put in place and maintained, or

"Ensure you have enough money set aside to clean up after your offshore energy project."

Part 3Decommissioning of ORE infrastructure
Decommissioning obligation: Requirements connected to decommissioning obligation

78Information needed to monitor financial position

A person who has, or will have, a decommissioning obligation in respect of any ORE infrastructure (person A) must keep a record of any information prescribed by the regulations as relevant and reasonably necessary to enable the Minister to monitor person A’s financial position (including in relation to financial securities).
Person A must provide a copy of the information to the Minister in the manner, and within the time frames, requested by the Minister or prescribed by the regulations.
See section 116 (which relates to the use and disclosure of information).