Overview
Introduction
The Gas Act enables Gas Industry Co to recommend to the Minister of Energy that regulations be made requiring industry participants to pay a levy to the industry body. The purpose of the levy is to recover the estimated costs of Gas Industry Co exercising its functions as the industry body. It is required to be established each year and there is a new consultation required every year to achieve this. The objective of the Levy Arrangements project is to deliver a levy recommendation to the Minister of Energy each year, sufficient to fund the planned activities of Gas Industry Co in the relevant financial year and ensure the balance of Industry Advances Reserve account is within acceptable limits.
Summary of Status
An annual levy consultation paper is prepared for each financial year and submitted for approval.
Contact Details
Peter Davies
Tel: 04 494 2461
Peter [dot] Davies
gasindustry [dot] co [dot] nz