Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Amendment Regulations (No 2) 2010
2010/286
Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Amendment Regulations (No 2) 2010
Anand Satyanand, Governor-General
Order in Council
At Wellington this 30th day of August 2010
Present:
His Excellency the Governor-General in Council
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.
Regulations
1 Title
These regulations are the Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Amendment Regulations (No 2) 2010.
2 Commencement
These regulations come into force on 1 October 2010.
3 Principal regulations amended
These regulations amend the Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Regulations 2004.
4 Rates of refunds
-
(1) Regulation 6(b) is amended by omitting
“11.7”
and substituting“11.96”
.(2) Regulation 6(c) is amended by omitting
“3.57”
and substituting“3.65”
.
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 October 2010, amend regulation 6 of the Land Transport Management (Apportionment and Refund of Excise Duty and Excise-Equivalent Duty) Regulations 2004.
The amendments increase 2 prescribed rates of refund to take account of the increase in the rate of goods and services tax from 12.5% to 15% on and from 1 October 2010 as provided by section 45 of the Taxation (Budget Measures) Act 2010. These refunds are increased because they are not automatically adjusted under section 78(3) of the Goods and Services Tax Act 1985.
Date of notification in Gazette: 2 September 2010.
These regulations are administered by the Ministry of Transport.