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Offshore Renewable Energy Bill

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

90: Process for carrying out financial capability assessment

You could also call this:

"How the Minister checks if someone can afford to pay for offshore renewable energy projects"

Illustration for Offshore Renewable Energy Bill

When you are doing a financial capability assessment under section 88, the Minister can look at information from section 75, which is about decommissioning proposals, section 76, which is about decommissioning cost estimates, and section 78, which is about monitoring a person's financial position. The Minister can also think about other things they believe are important. The Minister must follow any rules set out in the regulations when doing the assessment.

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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=LMS992256.

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"

91: Minister must notify outcome of financial capability assessment, or

"Minister must tell you if you have enough money for decommissioning costs"

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

90Process for carrying out financial capability assessment

When carrying out a financial capability assessment under section 88, the Minister—
may take into account information received under the following:
1. section 75 (which relates to decommissioning proposals):
2. section 76 (which relates to decommissioning cost estimates):
3. section 78 (which relates to information needed to monitor person A’s financial position); and
may take into account any other matters the Minister considers relevant; and
must meet the requirements prescribed by the regulations (if any).