Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Amendment Regulations (No 2) 2010

2010/286

Crest

Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Amendment Regulations (No 2) 2010

Anand Satyanand, Governor-General

Order in Council

At Wellington this 30th day of August 2010

Present:
His Excellency the Governor-General in Council

Pursuant to section 45 of the Land Transport Management Act 2003, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

Regulations

1 Title
  • These regulations are the Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Amendment Regulations (No 2) 2010.

2 Commencement
  • These regulations come into force on 1 October 2010.

4 Rates of refunds
  • (1) Regulation 6(b) is amended by omitting 11.7 and substituting 11.96.

    (2) Regulation 6(c) is amended by omitting 3.57 and substituting 3.65.

Rebecca Kitteridge,
Clerk of the Executive Council.


Explanatory note

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.


Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 2 September 2010.

These regulations are administered by the Ministry of Transport.