Fuel Industry Amendment Regulations (No 2) 2022

  • latest version but not yet in force

2022/183

Coat of Arms of New Zealand

Fuel Industry Amendment Regulations (No 2) 2022

Cindy Kiro, Governor-General

Order in Council

At Wellington this 13th day of June 2022

Present:
Her Excellency the Governor-General in Council

These regulations are made under section 27 of the Fuel Industry Act 2020

(a)

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

(b)

on the recommendation of the Minister of Energy and Resources made in accordance with section 27(3) of that Act.

Regulations

1 Title

These regulations are the Fuel Industry Amendment Regulations (No 2) 2022.

2 Commencement

These regulations come into force on 14 July 2022.

3 Principal regulations

These regulations amend the Fuel Industry Regulations 2021.

4 Regulation 17Q amended (Revocation of Part)

In regulation 17Q, replace “15 July 2022” with “the expiry of the date that is 28 days after the date specified in regulation 2(2) of the Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Amendment Regulations 2022”.

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 14 July 2022, amend the Fuel Industry Regulations 2021 (the principal regulations).

Temporary reductions relating to fuel excise duty

On 15 March 2022, the following temporary reductions relating to fuel excise duty commenced:

The reductions are only temporary, with the previous duties and rates (as they were immediately before the reductions were implemented) to be reinstated on the date specified in clause 2(2) and regulation 2(2) respectively of the instruments listed above (the reinstatement date).

Separate amendments are being made to change the reinstatement date specified in those instruments, which is currently 15 June 2022, to 16 August 2022.

Information disclosure requirements

Part 3B of the principal regulations imposes information disclosure requirements relating to the temporary reductions. Currently, Part 3B will be revoked on 15 July 2022.

These regulations extend the operation of Part 3B until the expiry of the date that is 28 days after the reinstatement date.

For example, if the reinstatement date remains 16 August 2022, Part 3B will be revoked at the end of 13 September 2022. If the reinstatement date is extended further, Part 3B will automatically be extended a corresponding period of time.

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 16 June 2022.

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