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Fire and Emergency New Zealand Act 2017

Levy - Interest

136: Purpose of section 137

You could also call this:

"Fixing mistakes with levy payments"

Illustration for Fire and Emergency New Zealand Act 2017

The purpose of section 137 is to help fix problems when people pay too little or too much levy. You might get compensated if you pay too much levy. The goal is also to encourage people to pay the correct amount of levy on time. Interest paid under section 137 is not a penalty, it is just to make up for the loss of use of money. You can find more information about this by looking at the related legislation.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6888384.

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Topics:
Money and consumer rights > Taxes
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135: Decisions to be made available, or

"Seeing Decisions Made by Fire and Emergency New Zealand"

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137: Interest on unpaid and overpaid levy and shortfall penalty, or

"Paying interest on late or overpaid fire levies and penalties"

Part 3Levy
Interest

136Purpose of section 137

  1. The purpose of section 137 is,—

  2. in appropriate circumstances,—
    1. to compensate FENZ for the loss of use of money through levy payers paying too little levy; and
      1. to compensate levy payers for the loss of use of money through their paying too much levy; and
      2. to encourage levy payers to pay the correct amount of levy on time.

        1. Interest payable under section 137 is not a penalty.

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