New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) For the purposes of this Part, the Governor-General may, on the recommendation of the Minister, by Order in Council, make regulations—
(a) prescribing the information that must be contained in returns to be provided to the Regulator under section 194 of the 1998 Act:
(b) prescribing what is or is not included within the term total gross premiums in the 1998 Act:
(c) prescribing a percentage for the purpose of section 247(5) of the 1998 Act:
(d) prescribing rates of interest under the 1998 Act:
(e) providing for the levy referred to in section 236 of the 1998 Act in respect of the 2000/2001 financial year:
(f) prescribing transitional and savings provisions for the purpose of ensuring that the rights and obligations of insurers, employers, and insureds arising under the 1998 Act and the 2000 Act continue.
(2) The Minister must not make a recommendation under subsection (1)(b) without first consulting insurers.
(3) Regulations made under subsection (1)(f) may (without limitation) provide that, subject to any conditions specified in the regulations,—
(a) specified provisions of the 1998 Act do not apply:
(b) specified provisions of the 1998 Act continue to apply, with any specified amendments, during a specified transitional period:
(c) specified provisions of any regulations, Orders in Council, or notices made or given under the 1998 Act continue to apply, with any specified amendments, during a specified transitional period.
(4) No regulations may be made under subsection (1)(f) after 31 March 2005.
