Act Repealed Latest version as at 03 July 1992 (as enacted) | 1992 No 73

Transit New Zealand Amendment Act (No. 2) 1992

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Contents

Short Title and commencement

Apportionment of excise duty

Amount of excise duty and refunds may be altered by Order in Council

Second Schedule amended

Repeal

Schedule New Part I Substituted in Second Schedule to Principal Act

Transit New Zealand Amendment Act (No. 2) 1992

Public Act		1992 No 73
Date of assent		3 July 1992

	Title
1	Short Title and commencement
2	Apportionment of excise duty
3	Amount of excise duty and refunds may be altered by Order in Council
4	Second Schedule amended
5	Repeal
	Schedule New Part I Substituted in Second Schedule to Principal Act
	Administrative information

An Act to amend the Transit New Zealand Act 1989

Be it enacted by the Parliament of New Zealand as follows:

1 Short Title and commencement

(1)

This Act may be cited as the Transit New Zealand Amendment Act (No. 2) 1992, and shall be read together with and deemed part of the Transit New Zealand Act 1989 (hereinafter referred to as the principal Act).

(2)

This Act shall come into force on the day on which this Act receives the Royal assent.

2 Apportionment of excise duty

The principal Act is hereby amended by repealing sections 100 and 100a (as substituted by section 2 of the Transit New Zealand Amendment Act (No. 2) 1991), and substituting the following section:

“100

Of the money paid into the Crown Bank Account as excise duty, after deducting any relevant refunds or drawbacks of duties under the Customs Act 1966, the following amounts shall be credited to the Land Transport Fund:

“(a)

In respect of motor spirits with a Research Octane Number (RON) less than 92 (regular grade), 9.4 cents of the excise duty received in respect of each litre:

“(b)

In respect of other motor spirits, 9.4 cents of the excise duty received in respect of each litre:

“(c)

All excise duty received in respect of compressed natural gas and liquefied petroleum gas.”

3 Amount of excise duty and refunds may be altered by Order in Council

Section 103(1)(a) of the principal Act (as amended by section 3 of the Transit New Zealand Amendment Act (No. 2) 1991) is hereby amended by omitting the expression “paragraphs (a) and (b) of section 100 and paragraphs (a) and (b) of section 100a”, and substituting the expression “paragraphs (a) and (b) of section 100”.

4 Second Schedule amended

The Second Schedule to the principal Act is hereby amended by repealing Part I, and substituting the Part I set out in the Schedule to this Act.

5 Repeal

The Transit New Zealand Amendment Act (No. 2) 1991 is hereby consequentially repealed.

Schedule New Part I Substituted in Second Schedule to Principal Act

Section 4

“PART I Refunds of Excise Duty and Goods and Services Tax on Motor Spirits

Column 1 Use of Motor Spirits Entitling Refund of Excise Duty and Goods and Services Tax	Column 2 Amount of Refund per Litre of Motor Spirits
	c
1. As fuel in an exempted vehicle	10.58
2. As fuel in a licensed vehicle	10.58
3. As fuel in a commercial vessel	10.58
4. For commercial purposes otherwise than as fuel in any motor vehicle, vessel, or aircraft	10.58”

This Act is administered in the Ministry of Transport.

Transit New Zealand Amendment Act (No. 2) 1992