This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 October 2010, amend regulation 6 of the Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Regulations 2004.
The amendments increase 2 prescribed rates of refund to take account of the increase in the rate of goods and services tax from 12.5% to 15% on and from 1 October 2010 as provided by section 45 of the Taxation (Budget Measures) Act 2010. These refunds are increased because they are not automatically adjusted under section 78(3) of the Goods and Services Tax Act 1985.
Date of notification in Gazette: 2 September 2010.
These regulations are administered by the Ministry of Transport.