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Fire and Emergency New Zealand Act 2017

Levy - Interest

139: Interest priority

You could also call this:

"FENZ pays off interest first when you owe them money"

Illustration for Fire and Emergency New Zealand Act 2017

You have to pay a levy and interest if you owe money. FENZ gets your payment and uses it to pay the interest first. This rule also applies to shortfall penalties and their interest. You might have a shortfall penalty to pay and interest on it. FENZ applies your payment to the interest on the penalty first. This is how FENZ handles payments for unpaid levies and penalties. FENZ follows a rule when you pay money you owe them. They use your payment to pay the interest you owe. You can find more information by looking at the Fire Service Act 1986.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM7073042.

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Topics:
Money and consumer rights > Taxes
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138: Amount of interest payable, or

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

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140: Interest payable immediately, or

"You must pay interest to Fire and Emergency New Zealand right away."

Part 3Levy
Interest

139Interest priority

  1. If a levy payer has levy to pay and the levy payer is liable to pay interest on the unpaid levy, any payment that FENZ receives on account of the levy payer’s liability to pay the unpaid levy and interest must first be applied towards payment of interest.

  2. If a person has shortfall penalty to pay and the person is liable to pay interest on the unpaid shortfall penalty, any payment that FENZ receives on account of the person’s liability to pay the unpaid shortfall penalty and interest must first be applied towards payment of interest.

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