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Fire and Emergency New Zealand Act 2017

Levy - Interest

137: Interest on unpaid and overpaid levy and shortfall penalty

You could also call this:

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

Illustration for Fire and Emergency New Zealand Act 2017

You have to pay interest if you do not pay your levy on time. You pay this interest to Fire and Emergency New Zealand (FENZ) as per section 138. FENZ can take this interest from you like they would take the levy. You also have to pay interest if you do not pay your shortfall penalty on time. You pay this interest as per section 138. FENZ can take this interest from you like they would take the shortfall penalty. If you pay too much levy or shortfall penalty, FENZ has to pay you interest. They pay this interest as per section 138. This is for overpaid levy or overpaid shortfall penalty.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6888385.

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136: Purpose of section 137, or

"Fixing mistakes with levy payments"

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138: Amount of interest payable, or

"How much interest you must pay on unpaid levies or penalties"

Part 3Levy
Interest

137Interest on unpaid and overpaid levy and shortfall penalty

  1. A levy payer is liable to pay interest on unpaid levy to FENZ in accordance with section 138.

  2. FENZ may recover interest payable on unpaid levy as though it were levy payable by the levy payer.

  3. A person who is liable, under subpart 5, to pay a shortfall penalty is liable to pay interest on unpaid shortfall penalty in accordance with section 138.

  4. FENZ may recover interest payable on unpaid shortfall penalty as though it were shortfall penalty payable by the person liable to pay the shortfall penalty.

  5. FENZ is liable to pay interest in accordance with section 138 on—

  6. overpaid levy to a levy payer that has paid too much levy:
    1. overpaid shortfall penalty to a person who has paid too much shortfall penalty.

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