This Act may be cited as the Accident Compensation Amendment Act 1973, and shall be read together with and deemed part of the Accident Compensation Act 1972 (hereinafter referred to as the principal Act).

This Act shall be deemed to have come into force on the 1st day of June 1973.

Section 2 of the principal Act is hereby amended by inserting in subsection (1), in their appropriate alphabetical order, the following definitions:

The principal Act is hereby amended by repealing section 98, and substituting the following section:

Section 99 of the principal Act is hereby amended by adding the following subsections:

the Commission may make an appropriate proportionate adjustment or refund in respect of the levy.”

In this section—

Nothing in subsections (3), (4), and (6) of section 99 of the principal Act shall apply to any levy payable in respect of the transitional licensing year.

In any case where a levy in respect of the transitional licensing year becomes payable on or after the 1st day of May 1974, the levy as prescribed pursuant to section 99 of the principal Act shall be reduced by one-third thereof for every complete month during the period commencing on the 1st day of April 1974 and ending with the 30th day of June 1974 which has elapsed before the levy becomes payable.

In any case where a levy is payable in respect of the transitional licensing year and the registration of the motor vehicle in respect of which the levy is payable is cancelled pursuant to section 19 of the Transport Act 1962, the Commission shall, on application in writing made to it by the owner of the vehicle and on being satisfied that the registration of the motor vehicle has been cancelled as aforesaid, refund to the owner a sum equal to one-third part of the amount of the levy as prescribed pursuant to section 99 of the principal Act in respect of the vehicle for every complete month of the period of 3 months, commencing on the 1st day of April 1974, which falls between the date on which the application was received by the Commission and the end of the transitional licensing year.

Where, in the case of a motor vehicle to which section 93 of this Act applies, a levy has been paid in respect of the transitional licensing year, if that vehicle has been or is about to be removed from New Zealand, and the Commission, on application in writing made to it by the owner of the vehicle, is satisfied, upon such evidence as it requires, that the vehicle has been or is about to be permanently removed from New Zealand and of the date of the removal or intended removal, the Commission shall refund to the owner a sum equal to one-third part of the amount of the levy as prescribed pursuant to section 99 of the principal Act in respect of the vehicle for every complete month of the period of 3 months, commencing on the 1st day of April 1974, which falls between the date of the removal or intended removal (as so established) and the end of the transitional licensing year.