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 August 2012, amend the Personal Property Securities Regulations 2001 to create a tiered fee structure for certain matters, under which individuals pay higher fees than those who are party to a Government to Business access agreement with the Ministry of Economic Development (G2B users). The resulting fee changes are as follows:

• the fee for registering a financing statement under section 141 of the Personal Property Securities Act 1999 (the Act) is increased from $3 to $10 for G2B users and $20 for other users:

• the fee for renewing the registration of a financing statement under section 154 of the Act is increased from $3 to $10 for G2B users and $20 for other users:

• the fee for a search of the register is increased from $1 to $1.50 for G2B users and $3 for other users.

These regulations are part of a package of regulations amending fees payable to the Companies Office. See also—

• the Building Societies Amendment Regulations 2012:

• the Companies Act 1993 Amendment Regulations 2012:

• the Friendly Societies and Credit Unions (Fees) Amendment Regulations 2012:

• the Limited Partnerships Amendment Regulations 2012.