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Biosecurity Act 1993

Pest management - Funding from levy

100R: Management agency to account for levy

You could also call this:

"Agencies must report how they use the levy money they receive each year."

When a management agency gets a levy, you need to know what they do with the money. After the end of each financial year, the agency must prepare some statements. These statements show how much levy money they got, what assets they have because of the levy, and how they spent the levy money. They also need to show their financial position and the results of their activities that used the levy money.

The agency must make sure these statements are checked by an auditor within five months after the end of the year. This is to ensure the statements are correct and truthful. You can find more information about the law that requires this in the Biosecurity Law Reform Act 2012.

The agency has to do this every year to account for the levy they received.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4758120.

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Part 5Pest management
Funding from levy

100RManagement agency to account for levy

  1. As soon as practicable after the end of a financial year in which a levy has been paid to a management agency, the agency must prepare the following for the year:

  2. a statement of the money paid to the agency as levy in the year:
    1. a statement of the assets the agency has at the end of the year as a result of money paid as levy in the year:
      1. a statement of the agency's receipt and expenditure of money paid as levy in the year:
        1. all other statements necessary to show fully—
          1. the agency's financial position as a result of money paid as levy in the year; and
            1. the financial results of all of the agency's activities involving the use of money paid as levy in the year or the use of assets the agency has at the end of the year as a result of money paid as levy in the year.

            2. The management agency must ensure that the statements are audited within 5 months after the end of the year.

            Notes
            • Section 100R: inserted, on , by section 39 of the Biosecurity Law Reform Act 2012 (2012 No 73).