Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698840356878.pdf (New Zealand)
Reprint as at 26 November 1999 Accident Insurance (Interest on Crown Advances) Regulations 1999 (SR 1999/413) Michael Hardie Boys, Governor-General Order in Council At Wellington this 22nd day of November 1999 Present: The Right Hon Wyatt Creech presiding in Council Pursuant to sections 276 and 412 of the Accident Insurance Act 1998, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regula- tions.
Note Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

These regulations are administered by the Department of Labour.
1 Accident Insurance (Interest on Crown Advances) Regulations 1999 Reprinted as at 26 November 1999 Contents 1 2 Title and commencement Manner in which interest to be paid Page 2 2 Regulations Title and commencement These regulations may be cited as the Accident Insurance (In- terest on Crown Advances) Regulations 1999.

These regulations come into force on the 28th day after the date of their notification in the Gazette.
Manner in which interest to be paid This regulation applies to interest that is payable, under section 276 of the Accident Insurance Act 1998, on Crown advances to the Insolvent Insurers Fund and the Non-Compliers Fund.
The interest is payable as follows: (a) interest is calculated on a simple interest basis on the daily balance of the Crown advance outstanding to the Crown in respect of each Fund: the Secretary to the Treasury must issue an invoice for each Fund that shows the amount of interest owing by that Fund: the invoice must be prepared as at 31 December and 30 June in each year, for the 6-month period ended on that date: the Secretary to the Treasury must send the invoice to the Regulator: no invoice needs to be issued for a Fund if Crown ad- vance was not outstanding during the 6-month period ended on the invoice date: the Regulator must pay the amount of the invoice before the 20th day of the month following the month in which the invoice is received: the payment must be made out of the Fund for which the invoice has been issued.
(b) (c) (d) (e) (f) (g) 1 (1) (2) 2 (1) (2) 2 Reprinted as at 26 November 1999 Accident Insurance (Interest on Crown Advances) Regulations 1999 Marie Shroff, Clerk of the Executive Council.

Explanatory note This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on the 28th day after the date of their notification in the Gazette, prescribe the manner in which interest is to be paid on Crown advances to the Insolvent Insurers Fund and the Non-Compliers Fund under the Accident Insurance Act 1998.

The rate of interest is determined by the Minister of Finance and notified in the Gazette.

Issued under the authority of the Acts and Regulations Publication Act 1989.

Date of notification in Gazette: 25 November 1999.


3 Notes Accident Insurance (Interest on Crown Advances) Regulations 1999 Reprinted as at 26 November 1999 Contents 1 2 3 4 General Status of reprints How reprints are prepared Changes made under section 17C of the Acts and Regulations Publication Act 1989 List of amendments incorporated in this reprint (most recent first) General This is a reprint of the Accident Insurance (Interest on Crown Advances) Regulations 1999.
The reprint incorporates all the amendments to the regulations as at 26 November 1999, as specified in the list of amendments at the end of these notes.

Relevant provisions of any amending enactments that have yet to come into force or that contain relevant transitional or savings provisions are also included, after the principal enact- ment, in chronological order.
Status of reprints Under section 16D of the Acts and Regulations Publication Act 1989, reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by the amendments to that enactment.

This presumption applies even though editorial changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in the reprint.
This presumption may be rebutted by producing the official volumes of statutes or statutory regulations in which the prin- cipal enactment and its amendments are contained.

How reprints are prepared A number of editorial conventions are followed in the prep- aration of reprints.

For example, the enacting words are not included in Acts, and provisions that are repealed or revoked are omitted.
For a detailed list of the editorial conventions, 5 Notes 1 2 3 4 Reprinted as at 26 November 1999 Accident Insurance (Interest on Crown Advances) Regulations 1999 Notes see http://www.pco.parliament.govt.nz/editorial-conventions/ or Part 8 of the Tables of New Zealand Acts and Ordinances and Statutory Regulations and Deemed Regulations in Force.
4 Changes made under section 17C of the Acts and Regulations Publication Act 1989 Section 17C of the Acts and Regulations Publication Act 1989 authorises the making of editorial changes in a reprint as set out in sections 17D and 17E of that Act so that, to the extent permitted, the format and style of the reprinted enactment is consistent with current legislative drafting practice.

Changes that would alter the effect of the legislation are not permitted.
A new format of legislation was introduced on 1 January 2000.

Changes to legislative drafting style have also been made since 1997, and are ongoing.

To the extent permitted by section 17C of the Acts and Regulations Publication Act 1989, all legisla- tion reprinted after 1 January 2000 is in the new format for legislation and reflects current drafting practice at the time of the reprint.
In outline, the editorial changes made in reprints under the au- thority of section 17C of the Acts and Regulations Publication Act 1989 are set out below, and they have been applied, where relevant, in the preparation of this reprint: • omission of unnecessary referential words (such as “of this section” and “of this Act”) typeface and type size (Times Roman, generally in 11.5 point) layout of provisions, including: • • indentation position of section headings (eg, the number and heading now appear above the section) format of definitions (eg, the defined term now appears in bold type, without quotation marks) format of dates (eg, a date formerly expressed as “the 1st day of January 1999” is now expressed as “1 January 1999”) position of the date of assent (it now appears on the front page of each Act) 5 • • • • • Notes Accident Insurance (Interest on Crown Advances) Regulations 1999 Reprinted as at 26 November 1999 • • • • • • punctuation (eg, colons are not used after definitions) Parts numbered with roman numerals are replaced with arabic numerals, and all cross-references are changed accordingly case and appearance of letters and words, including: • format of headings (eg, headings where each word formerly appeared with an initial cap- ital letter followed by small capital letters are amended so that the heading appears in bold, with only the first word (and any proper nouns) appearing with an initial capital letter) small capital letters in section and subsection ref- erences are now capital letters • schedules are renumbered (eg, Schedule 1 replaces First Schedule), and all cross-references are changed accord- ingly running heads (the information that appears at the top of each page) format of two-column schedules of consequential amendments, and schedules of repeals (eg, they are rearranged into alphabetical order, rather than chrono- logical).
List of amendments incorporated in this reprint (most recent first) Wellington, New Zealand: Published under the authority of the New Zealand Government—2010 5 12 6