New Zealand Legislation: Regulations

28 Fees and costs of inspectorate

• (1) A practice whose trust accounts have been reviewed by one of the inspectorates must, on written demand by the inspectorate or the relevant society,—

  • (a) pay the fees of the inspectorate for performing the review (or, if the relevant society has already paid those fees, reimburse the society for those fees); and

  • (b) reimburse the inspectorate for all costs reasonably incurred by it in performing the review (or, if the relevant society has already paid those costs, reimburse the society for those costs).

  (2) The amount of fees payable by a practice under subclause (1)(a) is determined by multiplying a remuneration rate or rates (being a rate or rates approved by the relevant society for the purposes of this subclause) by the time reasonably spent by the inspectorate in performing the review.

  (3) Every amount payable by a practice to the inspectorate or the relevant society under this regulation is a debt due to the society by the practice, and may be recovered accordingly in any court of competent jurisdiction.

  (4) For the avoidance of doubt, the fees and costs of any person who has performed, or assisted in performing, a review of the trust accounts of a practice under a delegation made under regulation 27 are to be treated as fees and costs of the inspectorate.