New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) An obligation fuel participant must collect the following information in relation to each class of obligation fuel owned by the participant at the time the fuel is removed for home consumption in accordance with the Customs and Excise Act 1996 or otherwise removed from a refinery during a year:
(a) the volume of the obligation fuel removed for home consumption less the volume of biofuels in that fuel:
(b) the volume of the obligation fuel removed from a refinery other than for home consumption less the volume of biofuels in that fuel:
(c) the volume of the obligation fuel sold by the participant or a third party for use on an international aviation or maritime trip (other than a fishing trip) where the sale is zero-rated under the Goods and Services Tax Act 1985 less the volume of biofuels in that fuel:
(d) if the obligation fuel is obligation jet fuel, the volume of the obligation jet fuel sold to each obligation jet fuel participant where the sale is not zero-rated under the Goods and Services Act 1985 less the volume of biofuels in that fuel:
(e) the volume of the obligation fuel exported where the related sale is zero-rated under the Goods and Services Tax Act 1985 less the volume of biofuels in that fuel—
(i) whether or not the fuel was previously removed for home consumption; and
(ii) other than in the circumstances set out in paragraph (c).
(2) In this regulation, third party—
(a) means a person who purchased the obligation fuel from—
(i) the person required to comply with this regulation and regulation 6; or
(ii) a person who purchased the obligation fuel from the person referred to in subparagraph (i); but
(b) does not include an opt-in fuel participant.
Regulation 5(1): amended, on 1 January 2010, by regulation 5 of the Climate Change (Liquid Fossil Fuels) Amendment Regulations 2009 (SR 2009/283).
Regulation 5(1)(c): amended, on 1 October 2010, by regulation 4(1) of the Climate Change (Liquid Fossil Fuels) Amendment Regulations 2010 (SR 2010/334).
Regulation 5(2): added, on 1 October 2010, by regulation 4(2) of the Climate Change (Liquid Fossil Fuels) Amendment Regulations 2010 (SR 2010/334).
