OIA Treasury – Fuel Pricing, Tax Revenue Effects and Economic Impact of Marsden Point Refinery Closure

 

Official Information Act Request

 

Treasury – Fuel Pricing, Tax Revenue Effects and Economic Impact of Marsden Point Refinery Closure

 

To: The Treasury

 

Subject: Official Information Act Request – Fuel Pricing Economic Impacts, Tax Revenue Effects and Fuel Security Financial Risk

 

Dear Sir/Madam,

 

This request is made pursuant to the Official Information Act 1982.

 

The purpose of this request is to understand the fiscal, economic, and governance considerations relating to fuel pricing in New Zealand, the economic impacts of fuel taxation, and any Treasury advice relating to the closure of the Marsden Point refinery and increased reliance on imported refined fuel.

 

This request relates to institutional decision-making and economic advice, not personal information.

 

1. Statutory and fiscal authority

 

Please identify:

1. The fiscal frameworks governing fuel taxation revenue

2. Treasury’s role in advising on fuel market economic policy

3. Any statutory frameworks governing fuel security financial risk

4. Treasury’s role in advising Cabinet on economic resilience relating to fuel supply

 

2. Decision advice relating to Marsden Point refinery closure

 

Please provide:

1. Treasury briefings relating to the refinery closure or conversion

2. Any economic risk assessments relating to loss of domestic refining capacity

3. Any advice regarding supply chain vulnerability

4. Any analysis of resilience risks from reliance on imported fuel

5. Any alternative options Treasury considered or analysed

 

3. Financial and economic impact analysis

 

Please provide:

1. Any modelling of fuel price impacts following refinery closure

2. Any analysis of inflationary impacts of fuel price increases

3. Any modelling of impacts on cost of living

4. Any modelling of impacts on business costs

5. Any analysis of macroeconomic risks relating to fuel dependency

 

4. Fuel taxation and government revenue effects

 

Please provide:

1. Any Treasury analysis of GST revenue increases resulting from fuel price increases

2. Any analysis of fuel excise revenue trends over time

3. Any modelling of how inflation increases tax revenue through GST

4. Any analysis of fiscal drag impacts on taxpayers

5. Any Treasury advice regarding tax relief options relating to fuel costs

 

5. Governance and risk oversight

 

Please provide:

1. Any fiscal risk reports referencing fuel supply security

2. Any risk registers referring to fuel market vulnerability

3. Any advice on economic exposure to supply disruptions

4. Any reports identifying economic risks to New Zealand from fuel import reliance

5. Any advice on mitigation strategies

 

6. Oversight and review

 

Please provide:

1. Any post-closure reviews relating to refinery impacts

2. Any Treasury monitoring reports relating to fuel market risks

3. Any lessons-learned reviews regarding fuel resilience policy

4. Any reports assessing whether fuel market changes increased economic vulnerability

 

7. Administrative safeguards

 

Please identify:

1. What fiscal safeguards exist to protect consumers from fuel price shocks

2. What economic safeguards exist to manage fuel supply risks

3. What review mechanisms exist if risks increase

4. What accountability mechanisms apply to Treasury economic advice

 

8. Format of response

 

Where possible please provide documents electronically.

 

If any information is withheld, please specify the grounds relied upon under the Official Information Act and the public interest considerations.

 

If any part of this request is considered too broad, I am willing to refine scope.

 

Kind regards

Tracy