Meta Data
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
1991
Effective Start Year: 
2021
Scope: 
National
Document Type: 
Act
Economic Sector: 
Energy
Energy Types: 
Coal, Oil
Issued by: 
Government of New Zealand - Ministry of Commerce
Overall Summary: 
An Act to restate and reform the law relating to the management of Crown owned minerals.
Investment
Local content requirement: 
If, after consultation with the permit holder of a petroleum mining permit and having regard to the national interest, the Minister is satisfied that products are able to be manufactured in New Zealand by or on behalf of the permit holder from petroleum produced from land to which the permit relates, the Minister may direct that the permit holder refine or process (or cause to be refined or processed) in New Zealand so much of the petroleum as may be required for the manufacture of those products.
Governance
Energy management principles: 
[A]ll petroleum, gold, silver, and uranium existing in its natural condition in land (whether or not the land has been alienated from the Crown) shall be the property of the Crown.