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Offshore Renewable Energy Bill

Decommissioning of ORE infrastructure - Obligation to provide Crown with financial security - Financial capability assessments

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

You could also call this:

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

Illustration for Offshore Renewable Energy Bill

When you are thinking about whether to do a financial capability assessment under section 88, the Minister can consider some things. The Minister can look at information you gave under section 75, section 76, and section 78. The Minister can also think about your situation and any risks that might affect your ability to do what you are supposed to do.

The Minister can consider what might happen in the future that could affect you. The Minister can look at any other important information too. This helps the Minister decide whether to do a financial capability assessment.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS992255.

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88: Minister may assess financial capability to meet decommissioning obligation, or

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90: Process for carrying out financial capability assessment, or

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

89Criteria for considering whether to carry out financial capability assessment

  1. When considering whether to carry out a financial capability assessment under section 88, the Minister may take into account—

  2. information received under the following:
    1. section 75 (which relates to decommissioning proposals):
      1. section 76 (which relates to decommissioning cost estimates):
        1. section 78 (which relates to information needed to monitor person A’s financial position); and
        2. the circumstances of person A; and
          1. any information relating to current or emerging risks to person A’s ability to comply with their obligations under this Part; and
            1. any other matters the Minister considers relevant.