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.
The regulations require the Fonterra Co-operative Group Limited (Fonterra) to pay a levy of $139,500 to the Minister by 31 January 2006.
The sum of $288,000 was over-recovered in respect of the levy paid for the 2003/2004 financial year under the Dairy Industry (Application Fees and Fonterra Levy) Regulations 2004.
The Minister of Agriculture has deducted this over-recovery from the levy of $213,750 that would otherwise be payable by Fonterra for each of the 2004/2005 and 2005/2006 financial years.
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, and the costs of enforcing parts of that Act.