The effect is that a person (the duty payer) who is physically prevented from paying duty to the New Zealand Customs Service (Customs) by the required time by a 2023 Severe Weather Event may apply to the chief executive of Customs to remit or refund certain kinds of interest payable as a result. The chief executive may then remit or refund the interest if the chief executive is satisfied that—
it is equitable that the interest be remitted or refunded; and
the duty payer applied for the remission or refund as soon as practicable; and
the duty payer fully paid the duty to Customs as soon as practicable.
These regulations are revoked at the close of the 6-month period that starts with the date on which they come into force.