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Offshore Renewable Energy Bill

Administration and enforcement - Administration - Registers, records, and use of information

115: Permit holder must keep records

You could also call this:

"Keep records of your offshore renewable energy work if you have a permit"

Illustration for Offshore Renewable Energy Bill

If you get a permit to do offshore renewable energy work, you must keep certain records. You need to keep financial records, like the ones you have to keep for tax under the Tax Administration Act 1994, as well as commercial records, scientific and technical records, and any calculations that support these records. You also need to keep any other records that the law or the permit conditions say you must keep.

You have to keep these records for at least 7 years after the year they relate to, or for at least 2 years after the permit is no longer current, whichever is longer. You must keep them in a way that makes it easy to provide them when asked, and in the way that the regulations say.

You must give copies of these records to the chief executive if they ask for them, if the permit conditions say you have to, or if the regulations say you have to. You also need to give them copies of all your records before you transfer, surrender, or stop using your permit.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS992294.

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Part 4Administration and enforcement
Administration: Registers, records, and use of information

115Permit holder must keep records

  1. A permit holder must keep the following records in relation to ORE infrastructure activities conducted by or on behalf of the permit holder under the permit:

  2. financial records, including any financial records required to be kept and retained under the Tax Administration Act 1994:
    1. commercial records, including any feasibility studies:
      1. scientific and technical records:
        1. any calculations made in support of the above records:
          1. records, reports, statements, or any other documentation or information required under other legislation, if regulations made under this Act prescribe that they must be retained for the purposes of this Act:
            1. any other records required by the conditions of the permit or prescribed by the regulations.

              1. The records must be kept—

              2. for at least 7 years after the year to which they relate or for at least 2 years after the permit to which they relate ceases to be current, whichever is the later; and
                1. in a form that ensures that they can be readily provided in accordance with this section; and
                  1. in the manner prescribed by the regulations.

                    1. A permit holder must provide copies of the records to the chief executive—

                    2. at any time if requested to do so by the chief executive; and
                      1. as required by a condition of the permit; and
                        1. as may be prescribed by the regulations.

                          1. In addition, a permit holder must provide copies of all records kept under this section before the date that a permit is transferred, surrendered in full, revoked, or otherwise ceases to be current.