Reminder: Changes to permit fees to take effect 1 January 2017
Permit holders are reminded that changes to petroleum and minerals permit fees will take effect from 1 January 2017.
On 4th November, NZP&M advised permit holders that permit fees would be increasing. This followed consultation with industry and other interested parties.
Fees have not been substantially reviewed for some time, resulting in a widening gap between the cost of administering permits and what permit holders were paying.
The new fees will come into effect on 1 January 2017. Permit holders will receive an invoice in late December 2016 reflecting the fee increase between 1 January and 30 June 2017.
The new fees for petroleum and minerals permits are available: