Gas (Levy of Industry Participants) Regulations 2025
2025/88
Gas (Levy of Industry Participants) Regulations 2025
Cindy Kiro, Governor-General
Order in Council
At Wellington this 19th day of May 2025
Present:
Her Excellency the Governor-General in Council
These regulations are made under section 43ZZE of the Gas Act 1992—
(a)
on the advice and with the consent of the Executive Council; and
(b)
on the recommendation of the Minister for Energy (made in accordance with section 43ZZD of that Act).
Contents
Regulations
1 Title
These regulations are the Gas (Levy of Industry Participants) Regulations 2025.
2 Commencement
These regulations come into force on 1 July 2025.
3 Application
(1)
These regulations apply to the 2025/26 financial year.
(2)
These regulations provide for a levy to meet the estimated costs referred to in section 43ZZC of the Act.
4 Interpretation
(1)
In these regulations, unless the context otherwise requires,—
2025/26 financial year means the year beginning on 1 July 2025 and ending with 30 June 2026
Act means the Gas Act 1992
GIC means Gas Industry Company Limited, which is the body that is approved as the industry body for the purposes of Part 4A of the Act by the Gas (Approval of Industry Body) Order 2004
GST means goods and services tax within the meaning of the Goods and Services Tax Act 1985.
(2)
Any term not defined in subclause (1) but defined in section 2(1) or 43D of the Act has the meaning set out in that section.
Wholesale gas levy
5 Liability to pay wholesale gas levy
(1)
Every person that is an industry participant on the first day of any month during the 2025/26 financial year must pay a wholesale gas levy to GIC for that month, calculated in accordance with subclause (2).
(2)
The levy rate is 1.7158 cents per gigajoule of gas purchased during the previous month by the industry participant from gas producers.
(3)
However, an industry participant is not liable to pay a wholesale gas levy on any gas that it has purchased from a gas producer that has purchased the gas from another gas producer.
6 When wholesale gas levy is due
The wholesale gas levy for a month is due and payable on the 20th day of that month.
7 Obligation to supply and keep information relating to wholesale gas levy payment
(1)
In order to ensure that the amount of levy paid is correct, the following obligations to supply information apply:
(a)
every industry participant that is liable to pay a wholesale gas levy for a month must supply a written return to GIC, stating the total number of gigajoules of gas that the industry participant purchased during the previous month from—
(i)
each gas producer; and
(ii)
those gas producers, as described in regulation 5(3), that have purchased the gas from other gas producers:
(b)
every gas producer that has sold gas must supply a written return to GIC, stating the total number of gigajoules of gas sold to each of its customers during the previous month.
(2)
An industry participant—
(a)
required to make a return under subclause (1)(a) must supply the return no later than the due date for payment of the levy for that month or a later date agreed by GIC:
(b)
required to make a return under subclause (1)(b) must supply the return no later than the end of the month in which the levy is due or a later date agreed by GIC.
(3)
An industry participant must keep, until 30 June 2027, all of the information that is necessary for the purpose of establishing the correct amount of the levy payable.
(4)
An industry participant must supply any information to GIC—
(a)
that the industry participant is required to keep under subclause (3); and
(b)
that GIC requests it to supply on or before 30 June 2027.
Retail gas levy
8 Liability to pay retail gas levy
(1)
Every gas retailer that is an industry participant on the last day of any month in the period June 2025 to May 2026 (inclusive) (date A) must pay to GIC a retail gas levy for the month that begins on the first day of the following month calculated in accordance with subclause (2).
(2)
The levy rate is 40.83 cents per month for each ICP for which the registry, as at date A, shows—
(a)
that the gas retailer is the responsible retailer; and
(b)
the status ACTIVE-CONTRACTED.
(3)
In this regulation, ICP and registry have the same meanings as in rule 5.2 of the Gas (Switching Arrangements) Rules 2008 (made under sections 43G, 43Q, and 43S of the Act).
9 When retail gas levy is due
The retail gas levy for a month is due and payable on the 20th day of that month.
General provisions
10 Confirmation of whether industry participant liable to pay levy
(1)
GIC may, by notice in writing, require any industry participant to state whether the industry participant is liable to pay a levy prescribed by these regulations.
(2)
The statement by the industry participant must be in writing and be certified as required by regulation 11.
11 Obligation to certify returns and statements correct
An industry participant must ensure that any returns or statements that it supplies under these regulations are certified as correct by a director of the industry participant or by any other person who is authorised by the industry participant to certify the correctness of the returns or statements.
12 Confidentiality
GIC must ensure that any return, statement, or other information supplied under these regulations (or any other regulations made under section 43ZZE of the Act) is used only for the purposes of collecting the levies prescribed by these regulations (or those other regulations), except to the extent that—
(a)
the person that supplied the return, statement, or information consents otherwise; or
(b)
GIC is required by law to disclose the return, statement, or information.
13 Levies exclusive of GST
(1)
The levies are exclusive of any GST.
(2)
If any GST is payable on the amount of any levy, the industry participant liable to pay the levy must pay the amount of GST to GIC together with its payment of the levy amount.
14 Revocation
The Gas (Levy of Industry Participants) Regulations 2023 (SL 2023/92) are revoked.
Nicola Purvis,
Acting 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 2025, impose levies on gas industry participants for the 2025/26 financial year. The levies fund the costs of Gas Industry Company Limited (GIC) in performing functions and duties and exercising powers, including the cost of collecting the levies. GIC is the approved industry body under the Gas Act 1992.
The 2025/26 levies are the following:
a wholesale gas levy of 1.7158 cents for every gigajoule of gas purchased from gas producers, calculated monthly on the basis of the buyer’s purchases made in the previous month and payable monthly. The levy is not payable on gas purchased from gas producers that have purchased the gas from other gas producers. This year’s wholesale levy rate is an increase from the rate of 1.5952 cents per gigajoule that applied in the 2024/25 financial year:
a retail gas levy of 40.83 cents per month (which is the annual levy rate of $4.90 divided by 12) for each installation control point for which the retailer has a contract to supply gas (as recorded in the registry under the Gas (Switching Arrangements) Rules 2008) as at the last day of the previous month. This year’s retail levy rate is a decrease from the rate of 54.42 cents per month that applied in the 2024/25 financial year.
The levies are exclusive of goods and services tax.
The regulations require various industry participants to supply specified information to GIC each month.
The regulations also require industry participants to keep, until 30 June 2027, all of the information that is necessary for the purpose of establishing the correct amount of the wholesale levy payable, and to supply that information to GIC on request. This obligation extends to industry participants that are not liable to pay a levy.
Date of notification in Gazette: 22 May 2025.
These regulations are administered by the Ministry of Business, Innovation, and Employment.