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Commodity Levies Act 1990

Miscellaneous provisions

16: Purpose of compliance audits

You could also call this:

"Checking people pay the right amount of levy and keep correct records"

Illustration for Commodity Levies Act 1990

When you have an audit, it is to check some things. The auditor wants to find out if people are paying the right amount of levy. They also want to know if the right amount of levy is being collected and paid to the organisation. The auditor checks if accounts and records are being kept properly. They do this by looking at the affairs of the people being audited and then report to the Minister on what they find. The auditor checks things like if people are paying the levy, if the right amount is being paid, and if records are being kept correctly. If there is a dispute, the auditor checks the facts and reports to the mediator, the Minister, and the people involved in the dispute, this is done under a different part of the law, which is mentioned in section 15(2), and another part mentioned in section 15(1).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM227344.

Topics:
Business > Industry rulesMoney and consumer rights > Taxes
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15: Compliance audits, or

"Checks to make sure people are following the rules about commodity levies"

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17: Power of auditors to require production of records, or

"Auditors can ask to see your records to check you're following the rules, and you must show them."

Part 2Miscellaneous provisions

16Purpose of compliance audits

  1. The purpose of an audit conducted by an auditor appointed under section 15(1) is (so far as is practicable) to ascertain in respect of the affairs of the persons whose affairs are to be audited, and report to the Minister on, as many of the following matters as are relevant to those affairs:

  2. the extent to which persons required to pay the levy concerned are doing and have done so:
    1. the extent to which appropriate amounts of the levy concerned are being and have been paid:
      1. the extent to which appropriate amounts of the levy concerned are being and have been collected:
        1. the extent to which appropriate amounts of the levy concerned are being and have been paid over to the organisation by persons collecting it:
          1. the extent to which accounts and records are being and have been kept:
            1. the extent to which accounts and records that are being and have been kept are being and have been properly kept.

              1. The purpose of an audit conducted by an auditor appointed under section 15(2) is (so far as is practicable) to ascertain in respect of the affairs of the parties to the dispute, and report to the mediator concerned, the Minister, and those parties, on matters of fact that are in dispute.