New Zealand Legislation: Acts

14 Levy of Asure New Zealand Limited or merged company

• (1) Asure New Zealand Limited or, if there has been a merger of AgriQuality and Asure (as defined in section 7), the new company formed as a result of the merger must pay to the Crown the levy prescribed by regulations made under subsection (2).

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

  • (a) specifying the amount of levies, or method of calculating or ascertaining the amount of levies, on the basis that the actual costs of performing or exercising the Commerce Commission's functions, powers, and duties under this subpart, and of collecting the levy money, should be met fully out of levies:

  • (b) including in levies, or providing for inclusion in levies of, any potential or likely shortfall in recovering those actual costs:

  • (c) refunding, or providing for refunds of, any over-recovery of those actual costs:

  • (d) providing for the payment and collection of those levies.

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