Pursuant to section 45 of the Land Transport Management Act 2003, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

1 Title

2 Commencement

3 Principal regulations amended

4 Amounts of excise duty and excise-equivalent duty to be paid to national land transport fund

5 Rates of refunds

Regulations

1 Title

These regulations are the Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Amendment Regulations 2008.

2 Commencement

These regulations come into force on 1 July 2008.

3 Principal regulations amended

These regulations amend the Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Regulations 2004.

4 Amounts of excise duty and excise-equivalent duty to be paid to national land transport fund

Regulation 4(2)(a) is amended by omitting “23.816” and substituting “42.524”.

5 Rates of refunds

Regulation 6(a) is amended by omitting “26.793” and substituting “47.8395”.

Rebecca Kitteridge,
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 1 July 2008, amend the Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Regulations 2004. The amendments increase the amount of excise duty and excise-equivalent duty to be paid to the national land transport fund and the rate at which those duties, and goods and services tax, are refunded.

Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 26 June 2008.

These regulations are administered by the Ministry of Transport.

Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Amendment Regulations 2008