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 2021, impose levies on gas industry participants for the 2021/22 financial year. The levies fund the costs of Gas Industry Company Limited (GIC) in performing functions and duties and exercising powers, including the cost of collecting the levies. GIC is the approved industry body under the Gas Act 1992.
The 2021/22 levies are—
a wholesale gas levy of 1.1445 cents for every gigajoule of gas purchased from gas producers, calculated monthly on the basis of the buyer’s purchases in the previous month and payable monthly. The levy is not payable on gas supplied from gas producers who have purchased the gas from other gas producers. This year’s wholesale levy rate is an increase from the rate of 1.1164 cents per gigajoule that applied in the 2020/21 financial year:
a retail gas levy of 44 cents per month (which is the annual levy rate of $5.28 divided by 12) for each installation control point to which the retailer has a contract to supply gas (as recorded on the registry under the Gas (Switching Arrangements) Rules 2008) as at the last day of the previous month. This year’s retail levy rate is an increase from the rate of 43 cents per month that applied in the 2020/21 financial year.
The levies are exclusive of goods and services tax.
The regulations require various industry participants to supply specified information to GIC each month. This includes an obligation requiring industry participants that are not liable to pay a levy to supply information.
The regulations also require industry participants to keep, until 30 June 2023, all of the information that is necessary for the purpose of establishing the correct amount of the wholesale levy payable, and to supply that information to GIC on request.
Regulatory impact statement
The Ministry of Business, Innovation, and Employment produced a regulatory impact statement on 10 May 2021 to help inform the decisions taken by the Government relating to the contents of this instrument.
A copy of this regulatory impact statement can be found at—
Issued under the authority of the Legislation Act 2012.
Date of notification in Gazette: 27 May 2021.
These regulations are administered by the Ministry of Business, Innovation, and Employment.