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 - Obligation to provide Crown with financial security - Financial capability assessments

88: Minister may assess financial capability to meet decommissioning obligation

You could also call this:

"Minister checks if you have enough money to clean up after a project"

Illustration for Offshore Renewable Energy Bill

The proposed law says the Minister can check if you have enough money to pay for decommissioning costs. This applies to you if you have a decommissioning obligation for some infrastructure and you are either a permit holder or an owner of certain infrastructure. You might be checked at any time while your permit is in force. The Minister can ask someone else to do this check for them.

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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=LMS992254.

87: What happens if affected person makes objection, or

"What happens if you disagree with a decision and want to object?"

89: Criteria for considering whether to carry out financial capability assessment, or

"How the Minister decides whether to check if someone can afford to do a project"

Part 3Decommissioning of ORE infrastructure
Obligation to provide Crown with financial security: Financial capability assessments

88Minister may assess financial capability to meet decommissioning obligation

This section and sections 89 to 91 apply to a person (person A) who has a decommissioning obligation in respect of any infrastructure and who is—
a permit holder of the relevant commercial permit; or
an owner of ORE transmission infrastructure.

The Minister may carry out an assessment to determine whether person A is highly likely to have the financial capability to carry out and meet the costs of decommissioning (a financial capability assessment).
The Minister may carry out a financial capability assessment of a commercial permit holder at any time while the relevant permit is in force.
The Minister may appoint any suitably qualified person to carry out a financial capability assessment on the Minister’s behalf.