New Zealand Legislation: Acts

12 Levy for first financial year or part financial year

• (1) Every service provider, or class of service providers, specified in regulations made under subsection (3) must pay to the Minister, for the first financial year or part financial year (as the case may require), a levy of an amount stated in, or calculated or set or reset in accordance with, those regulations for, or in connection with,—

  • (a) the preparation of the performance of, and the performance of, the Commission's functions and duties under this Act; and

  • (b) the preparation of the exercise of, and the exercise of, the Commission's powers under this Act.

  (2) The levy for the first financial year or part financial year may include the costs incurred from 30 June 2001 by the Commission for, or in connection with, the matters set out in subsection (1)(a) or (b).

  (3) Subsections (1) and (2) apply irrespective of the fact that the regulations are made and come into effect after the date on which the first financial year or part financial year commences.

  (4) The Governor-General may, by Order in Council made on the recommendation of the Minister, make regulations—

  • (a) specifying the amount of levy payable under this section:

  • (b) providing for the method by which the levy will be calculated:

  • (c) specifying the criteria and other requirements by and against which the levy will be set or reset:

  • (d) specifying the first financial year or part financial year to which the levy applies:

  • (e) providing for the payment and collection of the levy:

  • (f) exempting any service provider or class of service providers from paying the levy under this section:

  • (g) providing for waivers or refunds of the whole or any part of any levy paid by any service provider or class of service providers under this section.