Petroleum and minerals fees out for consultation
MBIE has gone out for consultation about proposed changes to petroleum and minerals fees.
Energy and Resource Markets General Manager James Stevenson-Wallace says fees will be adjusted and the consultation document presents options for how this can be done.
Petroleum and minerals permit fees are set to cover the cost of assessing new permit and change applications and administering granted permits. Fees are collected on a cost-recovery basis and are separate from royalties collected by the Crown.
“Petroleum and mineral fees should reflect the actual cost of staff time spent on permitting. However, our fees regime has not been fully reviewed since 2006 and the activities and cost of permitting has increased since then,” Mr Stevenson-Wallace says.
“Treasury and the Auditor General expect fees to be cost recovered; and for fees to be reviewed every 3 years. The current fees review is designed to ensure we meet these requirements.”
In 2014 MBIE undertook a partial fees review focussed on offshore petroleum prospecting permits and offshore minerals permits.
The Fees Review consultation document is available on the MBIE website. Consultation closes midday on 12 August 2016.
A question and answer session will be held on 25 July at MBIE's Wellington offices that permit holders and iwi are invited to attend. Please RSVP to CrownMineralsFeesReview@mbie.govt.nz.