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Local Government Act 1974

Local authorities fuel tax - Application of proceeds of tax

195: Separate bank account to be kept by distribution authority

You could also call this:

"Keep tax money in a separate bank account to keep it safe and easy to track."

Illustration for Local Government Act 1974

When you are dealing with tax money in a certain area, you need to put it in a special bank account. This account is called "The [name of tax area] Local Authorities Fuel Tax Account". You pay the money into the bank where the distribution authority keeps its main funds. The rules for taking money out of the bank account are the same as for other accounts. You follow the same steps to make payments from this special account as you do for other accounts.

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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=DLM419402.

Topics:
Money and consumer rights > TaxesGovernment and voting > Local councils
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"Councils must keep accounts in a way the Auditor-General says, to track money collected from fuel taxes."

Part 11Local authorities fuel tax
Application of proceeds of tax

195Separate bank account to be kept by distribution authority

  1. All money received by the distribution authority of any tax area pursuant to this Part shall be paid into the bank at which the distribution authority keeps its general funds, to the credit of a separate account to be called The [name of tax area] Local Authorities Fuel Tax Account.

  2. The provisions of this Act as to the manner in which money may be paid from its bank accounts shall apply with respect to payments made from the said account.

Notes
  • Section 195: replaced, on , by section 2 of the Local Government Amendment Act (No 3) 1977 (1977 No 122).
  • Section 195(1): amended, on , by section 13 of the Local Government Act 1974 Amendment Act 2008 (2008 No 63).