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Levy FY2018 (1 July 2017 to 30 June 2018)

In December 2016, Gas Industry Co issued a paper Consultation on Gas Industry Co FY2018 Statement of Intent and Levy (Consultation Paper) in respect of its proposed strategy, work programme and levy for the year ending 30 June 2018 (FY2018). 

The Consultation Paper set out the key elements of Gas Industry Co's Statement of Intent and the associated Levy Funding Requirement (LFR) to form part of the levy regulations for FY2018. Its contents reflect initial feedback received at the Co-regulatory Forum held on 22 November 2016.

The proposed FY2018 Work Programme set out in that document included work on existing multi-year workstreams; meeting statutory requirements such as the administration of existing gas governance regulations; and sought to address Government and industry priorities through the completion of other key project deliverables. The Work Programme reflects significant progress already made in addressing the objectives and outcomes set for Gas Industry Co and the industry in the Gas Act and the Government Policy Statement (GPS).

A revised paper was issued 16 January 2017 - with corrections to section 5 on page 23 - and is found below in Related Documents.

The five formal submissions received were broadly supportive of Gas Industry Co’s proposed work for FY2018. Based on industry submissions, an Analysis of Submissions was prepared. Generally, submitters were comfortable with the proposed Work Programme and most highlighted the significant work that would be required on the single transmission code development. 

The Analysis of Submissions, Consultation Paper and Submissions Received can be found below in Related Documents. 

Gas Industry Co recommended that the Minister of Energy and Resources approve the levy recommendation, which she did.  Subsequently the Gas (Levy of Industry Participants) Regulations 2017 were made and came into force from 1 July 2017.

 

Page last saved: August 31, 2017
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P 04 472 1800
A Gas Industry Co
Level 8, The Todd Building
95 Customhouse Quay
PO Box 10-646
Wellington 6143

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