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.
Date of notification in Gazette: 12 May 2016.
These regulations are administered by the Ministry for Primary Industries.