Section 158 — Resource Management Act 1991: Requirements of tender

158 Requirements of tender (1) Every tender for an authorisation shall— (a) Specify the activity or range of activities in respect of which the authorisation is sought; and (b) [Repealed] (c) In respect of an activity to which section 152(1)(b) applies, the maximum period of any proposed coastal permit, and the maximum amount of material proposed to be extracted under the permit; and (d) Specify the total remuneration offered, including— (i) Any initial payment for the authorisation: (ii) [Repealed] (iii) Any royalty for the extraction of material, and any proposed formula for adjustment of royalty. (1A) [Repealed] (2) Every such tender shall be accompanied by— (a) The prescribed fee (if any) and, if an initial payment for the authorisation is offered, a cash deposit of that payment or equivalent security to the satisfaction of the Minister; and (b) Any additional information specified in the public notice calling for tenders. Subsection (1A) was inserted, as from 17 December 1997, by section 34 Resource Management Amendment Act 1997 (1997 No 104). See section 78 of that Act as to the transitional provisions. Subsections (1)(b), (1)(d)(ii), and (1A) were repealed, as from 1 January 2005, by section 18 Resource Management Amendment Act (No 2) 2004 (2004 No 103).