This note is not part of the regulations, but is intended to indicate their general effect.
One amendment relates to an hourly rate used to calculate the maximum income exemption for payments for home-based education and care of a child. The amendment ensures that the hourly rate used for payments received in the year starting on 1 April 2015 is also used for payments received in the year starting on 1 April 2016.
The other amendment adds that payments of $3.46 per hour are used for the year starting on 1 April 2017 to calculate the maximum income exemption. The increase from the per-hour payment applicable in the previous year (1 April 2016 to 31 March 2017) reflects a 1.10% increase in the New Zealand Consumers Price Index from the December 2015 quarter to the December 2016 quarter (calculated for all quarters using the New Zealand Consumers Price Index (All Groups), excluding cigarettes and other tobacco products).
Date of notification in Gazette: 2 March 2017.
These regulations are administered by the Ministry of Social Development.