New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) Levy regulations under section 43ZZE may provide for the levy to meet the following estimated costs:
(a) the costs of making recommendations concerning any gas governance regulations and rules under this Part:
(b) the costs of administering, monitoring compliance with, investigating, enforcing, and applying penalties or other remedies for contraventions of, gas governance regulations and rules, to the extent that the industry body is required to do so by those regulations or rules or requested to do so by any government policy statement applicable to the gas industry or the Minister:
(c) the costs of establishing, operating, and facilitating the operation of markets for industry participants (including by contracting with other parties, entering into a joint venture or contractual arrangement, or other means):
(d) the costs of establishing or implementing 1 or more complaints resolution systems:
(e) the costs of providing advice to the Minister on matters concerning the gas industry:
(f) the costs of governance of the industry body:
(g) the costs of collecting the levy:
(h) the costs of the industry body of carrying out any other functions or duties, or exercising any powers, under this Part.
(2) The levy may include any costs from the date on which the industry body is approved, even though regulations imposing the levy may be made after that date.
(3) The levy may—
(a) deduct over-recoveries in respect of a financial year from the levy payable in subsequent financial years; or
(b) add under-recoveries in respect of a financial year to the levy payable in subsequent financial years.
Section 43ZZC: inserted, on 18 October 2004, by section 5 of the Gas Amendment Act 2004 (2004 No 83).
