Explanatory note
This note is not part of the regulations, but is intended to indicate their general effect.
The principal regulations provide for a threshold under which duty is not collected on goods imported into New Zealand. Duty is not collected on goods if the amount of duty that would be payable on the goods is less than $60. (In most cases, $60 is the amount of duty payable on goods with a value of $400.)
These regulations amend regulation 70 of the principal regulations to change the way that the threshold is expressed and to increase the threshold. When these regulations come into force,—
the threshold will be expressed in terms of the value of the goods rather than the duty that would be payable on the goods; and
duty will not be collected on goods that have a value equal to or less than $1,000.
The value of goods is to be determined in accordance with Schedule 4 of the Customs and Excise Act 2018.
These regulations also make consequential amendments to regulations 13A, 24A, 25, and 26 of the principal regulations.
Regulatory impact assessment
The Inland Revenue Department produced regulatory impact assessments on 5 September 2018 and 21 May 2019 to help inform the decisions taken by the Government relating to the contents of this instrument.
Copies of these regulatory impact assessments can be found at—
Issued under the authority of the Legislation Act 2012.
Date of notification in Gazette: 24 October 2019.
These regulations are administered by the New Zealand Customs Service.