Part 4Provisions relating to recognition, territorial authorities, administration, and enforcement
Cost recovery
201Cost recovery to relate generally to financial year
Except as provided in subsection (2), any regulations under this subpart that set a fee, charge, or levy that applies in any financial year—
- must have been made before the start of that financial year; but
- except as the regulations may otherwise provide, apply in that year and all subsequent years until revoked or replaced.
Subsection (1) does not prevent the alteration or setting during any financial year of a fee, charge, or levy payable in that year if—
- the fee, charge, or levy is reduced or removed (or restated without substantive alteration); or
- in the case of an increase or a new fee, charge, or levy,—
- appropriate consultation has been carried out with persons or representatives of persons substantially affected by the alteration or setting; and
- the Minister is satisfied that those persons, or their representatives, agree or substantially agree with the alteration or setting.
- appropriate consultation has been carried out with persons or representatives of persons substantially affected by the alteration or setting; and
Subsection (1) does not prevent the amendment of any regulations that set a fee, charge, or levy if any substantive alteration effected by the amendment is for the purpose of correcting an error.
Recovery may be made in any financial year of any shortfall in cost recovery for any of the preceding 4 financial years, and allowance may be made for any over-recovery of costs in those years (including any estimated shortfall or over-recovery for the immediately preceding financial year).


