New Zealand Legislation: Acts

43ZZD Minister must accept recommendations if certain conditions met

• (1) The Minister may accept or reject a recommendation of the industry body to make levy regulations under section 43ZZB.

  (2) However, the Minister must accept that recommendation, and recommend to the Governor-General that levy regulations be made, if he or she is satisfied that—

  • (a) the levy rate or amount is reasonable, having regard to the industry body strategic plan, the latest industry body annual report, and any GPS objectives and outcomes; and

  • (b) the industry body has consulted with industry participants on the levy rate or amount; and

  • (c) the requirements of sections 43ZZB to 43ZZE are met.

  Subparts 1, 2, and 4 of Part 4A (comprising sections 43A to 43ZZF, and section 43ZZR) were inserted, as from 18 October 2004, by section 5 Gas Amendment Act 2004 (2004 No 83).