This note is not part of the regulations, but is intended to indicate their general effect.
These regulations come into force on the 28th day after the date of their notification in the Gazette.
Regulation 3 specifies that the Fonterra Co-operative Group Limited must pay to the Minister—
a levy of $490,106.25 for the financial year commencing on 1 July 2002 and ending on 30 June 2003; and
a levy of $393,750.00 for the financial year commencing on 1 July 2003 and ending on 30 June 2004.
No levy is payable by the Fonterra Co-operative Group Limited for the financial year commencing on 1 July 2001 and ending on 30 June 2002.
The purpose of the levies is to pay the Commerce Commission's costs of making and enforcing determinations under the Dairy Industry Restructuring Act 2001 (the Act), and the costs of enforcing parts of the Act.
Regulation 4 sets out the fee payable if a person applies to the Commerce Commission for a determination to resolve any dispute that may arise with the Fonterra Co-operative Group Limited of the kind specified in section 120 of the Act.