Section 165 — Resource Management Act 1991: Tender money

165 Tender money (1) Where a person to whom an authorisation has been granted forwarded an initial payment to the Minister pursuant to section 158(2) , the money shall be the property of the Crown, and, on granting the authorisation, the Minister shall cause that money to be paid into the Crown Bank Account in accordance with the Public Finance Act 1989 . (2) Where an authorisation granted to a person to whom subsection (1) applies has lapsed pursuant to section 164 , the Minister shall cause 80 percent of the initial payment to be refunded to that person from the Crown Bank Account. (3) Where any tenderer who has failed to obtain an authorisation forwarded an initial payment to the Minister pursuant to section 158(2) , the Minister shall as soon as practicable cause that money to be refunded to that tenderer.