COVID-19 Response (Further Management Measures) Legislation Act (No 2) 2020

If you need more information about this Act, please contact the administering agency: Department of the Prime Minister and Cabinet

Schedule 3 Ministry of Business, Innovation, and Employment

s 3

Part 1 Accident Compensation (Experience Rating) Regulations 2019

1 Amendments to Accident Compensation (Experience Rating) Regulations 2019

This Part amends the Accident Compensation (Experience Rating) Regulations 2019.

2 Regulation 5 amended (Tax years to which regulations apply)

(1)

In regulation 5(b), replace “2021.” with “2021; and”.

(2)

After regulation 5(b), insert:

(c)

the tax year starting on 1 April 2021 and ending on 31 March 2022.

3 Regulation 6 amended (Interpretation)

(1)

In regulation 6(1), definition of applicable levy year, paragraph (b), replace “year” with “year:”.

(2)

In regulation 6(1), definition of applicable levy year, after paragraph (b), insert:

(c)

the 2021/22 levy year

(3)

In regulation 6(1), definition of experience period, paragraph (b)(iii), replace “Schedule 3)” with “Schedule 3); and”.

(4)

In regulation 6(1), definition of experience period, after paragraph (b), insert:

(c)

in relation to the levy year starting on 1 April 2021 and ending on the close of 31 March 2022, means the period consisting of—

(i)

the tax year starting on 1 April 2019 and ending on the close of 31 March 2020 (see Schedule 2); and

(ii)

the tax year starting on 1 April 2018 and ending on the close of 31 March 2019 (see Schedule 2); and

(iii)

the tax year starting on 1 April 2017 and ending on the close of 31 March 2018 (see Schedule 2)

(5)

In regulation 6(1), definition of minimum liable earnings, paragraph (b)(iii), replace “$30,680” with “$30,680; and”.

(6)

In regulation 6(1), definition of minimum liable earnings, after paragraph (b), insert:

(c)

in relation to the tax years that form part of the experience period for the applicable levy year starting on 1 April 2021 and ending on the close of 31 March 2022, are as follows:

(i)

for the tax year starting on 1 April 2019 and ending on the close of 31 March 2020, $32,760:

(ii)

for the tax year starting on 1 April 2018 and ending on the close of 31 March 2019, $32,760:

(iii)

for the tax year starting on 1 April 2017 and ending on the close of 31 March 2018, $31,720

4 Regulation 15E amended (Calculation of experience period modifier)

(1)

In regulation 15E,—

(a)

delete “where— ”; and

(b)

revoke the definitions of the variables year 1 tax year modifier, year 2 tax year modifier, and year 3 tax year modifier.

(2)

In regulation 15E, insert as subclause (2),—

(2)

In subclause (1),—

(a)

in relation to the levy year starting on 1 April 2020 and ending at the close of 31 March 2021,—

year 1 tax year modifier means the tax year modifier calculated in accordance with regulation 15D for the tax year starting on 1 April 2016 and ending at the close of 31 March 2017

year 2 tax year modifier means the tax year modifier calculated in accordance with regulation 15D for the tax year starting on 1 April 2017 and ending at the close of 31 March 2018

year 3 tax year modifier means the tax year modifier calculated in accordance with regulation 15D for the tax year starting on 1 April 2018 and ending at the close of 31 March 2019; and

(b)

in relation to the levy year starting on 1 April 2021 and ending at the close of 31 March 2022,—

year 1 tax year modifier means the tax year modifier calculated in accordance with regulation 15D for the tax year starting on 1 April 2017 and ending at the close of 31 March 2018

year 2 tax year modifier means the tax year modifier calculated in accordance with regulation 15D for the tax year starting on 1 April 2018 and ending at the close of 31 March 2019

year 3 tax year modifier means the tax year modifier calculated in accordance with regulation 15D for the tax year starting on 1 April 2019 and ending at the close of 31 March 2020.

5 Schedule 2 amended

In the Schedule 2 heading,—

(a)

delete “and”; and

(b)

after “2019”, insert “, and 1 April 2019 to 31 March 2020”.

Part 2 Crown Research Institutes Act 1992

6 Amendment to Crown Research Institutes Act 1992

This Part amends the Crown Research Institutes Act 1992.

7 New section 17A inserted (Extension of time limit for 2019/20 financial year reports and audits: COVID-19)

After section 17, insert:

17A Extension of time limit for 2019/20 financial year reports and audits: COVID-19

(1)

Despite the time limit in section 17(1), in relation to the financial year ending with 30 June 2020, the information specified in section 17(1) must be delivered to the shareholding Ministers before the close of 30 November 2020.

(2)

This section is repealed on 1 December 2020.