The Government is undertaking a review of the Crown Minerals Act 1991 regime. The review has three main objectives:
- to encourage the development of Crown-owned minerals so that they contribute more to New Zealand’s economic development;
- to streamline and simplify the regime where appropriate, ensuring it is in line with the regulatory reform agenda, and make it better able to deal with future developments;
- to ensure that better coordination of regulatory agencies can contribute to stringent health, safety and environmental standards in exploration and production activities.
Public feedback on proposed changes to the regime is now being sought. See the discussion paper 'Reviewing the Crown Minerals Act 1991 Regime': http://www.med.govt.nz/sectors-industries/natural-resources/oil-and-gas/review-of-the-crown-minerals-act-regime/discussion-paper.
Submissions are due by Friday 20 April 2012 and will be taken into account in the development of a bill to amend the Crown Minerals Act, and new minerals programmes and regulations. An amendment bill is expected to be introduced into Parliament in 2012.