Financial Reporting (Levies) Amendment Regulations 2017

2017/142

Coat of Arms of New Zealand

Financial Reporting (Levies) Amendment Regulations 2017

Patsy Reddy, Governor-General

Order in Council

At Wellington this 26th day of June 2017

Present:
Her Excellency the Governor-General in Council

These regulations are made under section 52 of the Financial Reporting Act 2013—

(a)

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

(b)

on the recommendation of the Minister of Commerce and Consumer Affairs.

Regulations

1 Title

These regulations are the Financial Reporting (Levies) Amendment Regulations 2017.

2 Commencement

These regulations come into force on 1 July 2017.

3 Principal regulations

These regulations amend the Financial Reporting (Levies) Regulations 2014 (the principal regulations).

4 New regulation 5A inserted (Levies inclusive of GST)

After regulation 5, insert:

5A Levies inclusive of GST

The levies prescribed by these regulations are inclusive of goods and services tax.

5 Schedule amended

In the Schedule, column 5, replace “10” with “6.90” in each place.

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 1 July 2017, amend the Financial Reporting (Levies) Regulations 2014. The regulations reduce, from $10 to $6.90, levies payable in respect of applications for registration or incorporation, or annual returns, under the following Acts:

Regulatory impact statement

The Ministry of Business, Innovation, and Employment produced a regulatory impact statement on 6 October 2016 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: 29 June 2017.

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