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Animal Products Act 1999

Cost recovery

116: Three-yearly review of cost recovery

You could also call this:

"The Minister checks and updates animal product costs every three years to make sure they are fair."

The Minister has to check the cost recovery levels and methods every three years. You will see this happen for different areas, such as animal products or businesses. The Minister must make sure people are consulted during this review.

The Minister looks at what costs should be recovered for the next financial year or years. They can also look at costs from the past four years to see if there was a shortfall or if too much was recovered.

The Minister does not have to review all areas at the same time and can make changes to the rules at any time after the review is finished.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM35722.

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Part 9Cost recovery

116Three-yearly review of cost recovery

  1. The Minister must cause to be reviewed, at least once in every 3-year period occurring since the original setting of, or latest change to, the levels and methods of cost recovery in relation to any class of animal material or product, animal product business, person, or other matter, the levels and methods of cost recovery in the relevant area that are likely to be appropriate for the following financial year or years.

  2. The Minister must ensure that appropriate consultation takes place in relation to any such review.

  3. A review may make provision for recovery in any relevant financial year of any shortfall in cost recovery for any of the preceding 4 financial years, or make allowance for any over-recovery of costs in those years (including any estimated shortfall or over-recovery for the immediately preceding financial year).

  4. Subsection (1) does not require all areas of cost recovery to be reviewed at the same time, and nor does it impose any time limit on the making of regulations to implement the results of a review.