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You will see a new rule about collecting and spending money from market-based allocation mechanisms. This rule applies to money that must be paid from these mechanisms. Regional councils are in charge of collecting this money. You can use this money for certain activities. These activities are listed in section 333(4) or 334(3). The money can be spent on these activities. Regional councils will collect the money and use it for the listed activities. This is how the new rule will work. The money will be used for specific purposes.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1541644.
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This section applies to any money liable to be paid from any market-based allocation mechanism.
Regional councils must collect the money.
The money may be used for any activity set out in section 333(4) or 334(3).
