Energy (Petroleum or Engine Fuel Monitoring Levy) Regulations 2015

2015/304

Coat of Arms of New Zealand

Energy (Petroleum or Engine Fuel Monitoring Levy) Regulations 2015

Rt Hon Dame Sian Elias, Administrator of the Government

Order in Council

At Wellington this 7th day of December 2015

Present:
Her Excellency the Administrator of the Government in Council

Pursuant to sections 33(1) and 35(1)(fa) of the Energy (Fuels, Levies, and References) Act 1989, Her Excellency the Administrator of the Government makes the following regulations, acting—

(a)

on the advice and with the consent of the Executive Council; and

(b)

for regulations made under section 33(1) of that Act, on the recommendation of the Minister of Energy and Resources made in accordance with section 33(3) of that Act.

Regulations

1 Title

These regulations are the Energy (Petroleum or Engine Fuel Monitoring Levy) Regulations 2015.

2 Commencement

These regulations come into force on 23 February 2016.

3 Interpretation

In these regulations, unless the context otherwise requires,—

levy means the levy payable under section 24 of the Energy (Fuels, Levies, and References) Act 1989

table means the Excise and Excise-equivalent Duties Table (as defined in section 76A of the Customs and Excise Act 1996).

4 Levy rate

The levy rate is—

(a)

0.045 cents for the period beginning on 23 February 2016 and ending on the close of 30 June 2016:

(b)

0.2 cents on or after 1 July 2016.

5 Prescribed types of petroleum or engine fuel

The levy is payable for petroleum or engine fuel that is specified in the table as a type of—

(a)

motor spirit:

(b)

diesel:

(c)

biodiesel:

(d)

ethyl alcohol under the heading Fuels in Part A or B of the table.

Michael Webster,
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 23 February 2016, prescribe the rate of the petroleum or engine fuel monitoring levy and the types of petroleum or engine fuels for which the levy is payable.

There will be a transitional rate of 0.045 cents per litre during the period beginning on 23 February 2016 and ending on the close of 30 June 2016. On or after 1 July 2016, the rate will be 0.2 cents per litre.

Under section 33(4) of the Energy (Fuels, Levies, and References) Act 1989, these regulations expire on the close of 31 December 2016, unless confirmed by an Act of Parliament passed before that date.

Regulatory impact statement

The Ministry of Business, Innovation, and Employment produced a regulatory impact statement on 19 October 2015 to help inform the decisions taken by the Government relating to the contents of this instrument.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 10 December 2015.

These regulations are administered by the Ministry of Business, Innovation, and Employment.