New Zealand Legislation: Acts

43ZZE Levy regulations that may be made

• (1) The Governor-General may, by Order in Council made on the recommendation of the Minister, make levy regulations that meet the requirements of sections 43ZZB to 43ZZD.

  (2) The levy regulations must prescribe the amount of the levy, or the levy rate according to which the amount of the levy may be calculated.

  (3) The levy regulations must apply only to the financial year in respect of which the levy regulations are made.

  (4) The levy regulations may require payment of a levy for a financial year or part financial year, irrespective of the fact that the regulations may be made after that financial year has commenced.

  (5) Every industry participant (or prescribed class of industry participants) must pay to the industry body the levy that is prescribed.

  (6) The amount of any unpaid levy is recoverable in any court of competent jurisdiction as a debt due to the industry body.

  (7) The levy regulations may exempt or provide for exemptions from, or provide for waivers of, the whole or any part of the levy for any case or class of cases.

  Section 43ZZE: inserted, on 18 October 2004, by section 5 of the Gas Amendment Act 2004 (2004 No 83).