This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 13 June 2013, require the Fonterra Co-operative Group Limited to pay a levy of $841,244 for the 2012/13 financial year.
The levy has been calculated by deducting an over-recovery of $160,000 in the 2010/11 financial year from the estimated costs of $1,001,244 for the 2012/13 financial year. There were no leviable costs in the 2011/12 financial year.
The purpose of the levy is to pay the Commerce Commission's costs of making and enforcing determinations under the Dairy Industry Restructuring Act 2001, and costs for enforcing certain parts of that Act.
These regulations also revoke the Dairy Industry (Fonterra Levy) Regulations 2011 which are now spent.