Part 3Levy
Purpose and interpretation
80Purpose of this Part
The purpose of this Part is to provide for a levy that is—
- a stable source of funding to support FENZ in the performance of functions and duties and exercise of powers under this Act:
- universal, so that FENZ’s costs are generally shared among all who benefit from the potential to use FENZ’s services:
- equitable, so that policyholders should generally pay a levy at a level commensurate with their use of, or benefit from the potential to use, FENZ’s services and with the risks associated with the activities that policyholders carry out (but without strict apportionment according to use, benefit, or risk having to be observed):
- predictable, so that policyholders and levy payers are able to predict the amounts that they will need to pay and FENZ is able to predict how much levy income it will receive:
- flexible, so that the levy can adapt to—
- changes in the use, benefit, or risk associated with those who benefit from the potential to use FENZ’s services; and
- variations in FENZ’s costs; and
- changes to the expectations of the Crown and the strategic needs of FENZ.
- changes in the use, benefit, or risk associated with those who benefit from the potential to use FENZ’s services; and

