Dairy Industry (Fonterra Levy) Regulations 2016

2016/87

Coat of Arms of New Zealand

Dairy Industry (Fonterra Levy) Regulations 2016

Jerry Mateparae, Governor-General

Order in Council

At Wellington this 9th day of May 2016

Present:
His Excellency the Governor-General in Council

These regulations are made under section 134 of the Dairy Industry Restructuring Act 2001—

(a)

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

(b)

on the recommendation of the Minister for Primary Industries made after meeting the requirements in section 134 of that Act.

Regulations

1 Title

These regulations are the Dairy Industry (Fonterra Levy) Regulations 2016.

2 Commencement

These regulations come into force on the 28th day after the date of their notification in the Gazette.

3 Levy

The Fonterra Co-operative Group Limited must pay a levy of $618,127 to the Minister for the financial year beginning on 1 July 2015 and ending on 30 June 2016.

4 Levy exclusive of GST

The amount of the levy in regulation 3 is exclusive of goods and services tax.

5 Revocation

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 28 days after the date of their notification in the Gazette, require the Fonterra Co-operative Group Limited to pay a levy of $618,127 for the 2015/16 financial year.

The purpose of the levy is to recover some of the Commerce Commission’s costs, including the costs of making determinations and enforcing subparts 5 and 5A of Part 2 of the Dairy Industry Restructuring Act 2001.

The levy is calculated by deducting an over-recovery of those costs of $36,176 (excluding GST) in the 2014/15 financial year from the estimated costs of $654,303 (excluding GST) for the 2015/16 financial year.

These regulations also revoke the Dairy Industry (Fonterra Levy) Regulations 2015, which set the levy for the previous year.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 12 May 2016.

These regulations are administered by the Ministry for Primary Industries.