Gas Industry Company Levy 2006 - 2011
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.Davies[at]gasindustry.co[dot]nz
Consultation Papers
Previously Consulted On
Gas Industry Co Levy 2011
The FY2011 Levy Consultation Paper sets the context for the proposed FY2010 levy regulations by describing the work Gas Industry Co expects to undertake in FY2011 and its associated cost; calculates the levy funding requirement for that year; and proposes the FY2011 levy. The proposed levies for FY2011 are: Retail levy of $6.40 per annum payable on each ICP; and Wholesale levy of 1.84 cents per GJ of gas purchased directly from gas producers.
Submissions received
2009/2010 Levy Consultation - Amended Paper
In January 2009, Gas Industry Co released a paper entitled 'FY2010 Levy for Gas Industry Co' for consultation. That paper and the submissions received are available below under the heading 'Previously Consulted On'. The submissions asked Gas Industry Co to review its priorities in view of the cumulative effect of implementing five sets of rules in a short period and the economic downturn. On consideration, Gas Industry Co decided that it should review its indicative work programme and associated budget for FY2010. This review is now complete. An 'Amended FY2010 Levy for Gas Industry Co' paper that addresses the concerns raised in submissions on the original paper and proposes amended levy rates is available below.
Gas Industry Co invites submissions on the amended annual levy for FY2010 and the associated issues set out in this paper. Submissions close on 13 March 2009. A suggested format for submissions is in Appendix A of the paper.
Submissions received
2009/2010 Levy Consultation
This consultation paper:
- reviews last year's levy development process;
- explains the development of the FY2010 levy, including work done on updating the framework for levy setting, and the review of the levy structure;
- describes the work that Gas Industry Co will undertake in FY2010 and the associated estimated costs;
- outlines the calculation of the levy funding requirement for FY2010;
- and proposes the levy for FY2010.
Gas Industry Co invites submissions on the proposed annual levy for FY2010 and the associated issues set out in this paper. (Submissions close on 5 February 2009.)
Specific matters on which submissions are sought are set out in each section of the paper, and a suggested format for submissions is set out in the template in Appendix A.
Workshops were held on Wednesday, 21 January 2009 and Wednesday, 28 January 2009.
Submissions received
2008/2009 Levy Consultation
The annual levy is the principal source of revenue for funding Gas Industry Co's work programme on gas governance. The levy is set by Regulation and the process for levy setting includes consultation with stakeholders. The Consultation Paper on the levy for 2008/2009 has now been released and can be viewed or downloaded by clicking below:
Submissions received
2007/2008 Levy Consultation
The Gas Act provides for Gas Industry Co to recover the costs of carrying out its functions through a levy on industry participants. Such levies are to be struck on an annual basis.
This discussion document:
- reviews last year's levy development process;
- addresses the general principles of setting levies;
- discusses particular issues pertinent to the 2007/08 levy;
- describes the work which Gas Industry Co will undertake in the 2007/08 year;
- and proposes the levy for the 2007/08 financial year.
Submissions received
2006/2007 Supplementary Levy Consultation
Submissions received
2006/2007 Levy Consultation
On 24 February 2006, Gas Industry Co released the 2006/07 Levy Discussion Paper.
The consultation paper:
- reviewed last year's levy development process;
- addressed the general principles of setting levies;
- discussed outstanding and new issues pertinent to the 2006/07 levy;
- described the work which Gas Industry Co will undertake in the 2006/07 year; and
- proposed levy options for the 2006/07 year.
Click on the following links for:
Submissions received
2005/2006 Second Levy Consultation
Submissions received
2005/2006 Initial Levy Consultation
Click on the following links for:
Submissions received
Recommendations to the Minister of Energy
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29/10/2010
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24/09/2009
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01/03/2008
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19/03/2007
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02/05/2006
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10/05/2005
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Recommendation_on_Gas_Levy_of_Participants_Regulations_2010_152747.4_1.pdfRegulations
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29/10/2010
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24/09/2009
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26/05/2008
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28/05/2007
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26/06/2006
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18/07/2005
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