Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698843260236.pdf (New Zealand)
2012/120 Financial Markets Authority (Fees) Amendment Regulations 2012 Rt Hon Dame Sian Elias, Administrator of the Government Order in Council At Wellington this 5th day of June 2012 Present: Her Excellency the Administrator of the Government in Council Pursuant to section 67(1) of the Financial Markets Authority Act 2011, Her Excellency the Administrator of the Government, acting on the advice and with the consent of the Executive Council, makes the following regulations.
Contents Title Commencement Principal regulations Regulation 3 amended (Fee payable on application for trustee or statutory supervisor licence) Regulation 4 amended (Fee payable on application for variation of trustee or statutory supervisor licence) Regulation 5 replaced Fees payable in respect of Financial Markets Authority (Levies) Regulations 2012 5 Fees payable for request to waive levy Page 2 2 2 2 2 2 2 1 r 1 Financial Markets Authority (Fees) Amendment Regulations 2012 2012/120 6 Fees inclusive of GST 3 GST Regulations Title These regulations are the Financial Markets Authority (Fees) Amendment Regulations 2012.
Commencement These regulations come into force on 1 August 2012.

Principal regulations These regulations amend the Financial Markets Authority (Fees) Regulations 2011 (the principal regulations).

Regulation 3 amended (Fee payable on application for trustee or statutory supervisor licence) In regulation 3(1), replace “$4,320” with “$4,968”.

Regulation 4 amended (Fee payable on application for variation of trustee or statutory supervisor licence) In regulation 4, replace “$1,234” with “$1419.10”.
Regulation 5 replaced Replace regulation 5 with: “Fees payable in respect of Financial Markets Authority (Levies) Regulations 2012 Fees payable for request to waive levy “5 “(1) This regulation applies to a request for a waiver of a levy under regulation 14 of the Financial Markets Authority (Levies) Regulations 2012.

“(2) The fee payable on the request is $115.
“(3) The FMA may also require the person who makes the request to pay to the FMA— “(a) a fee calculated at the following hourly rates: 2 2012/120 Financial Markets Authority (Fees) Amendment Regulations 2012 Explanatory note “(i) “(ii) for work carried out in connection with the re- quest by a member of the FMA, an hourly rate of $230: for work carried out in connection with the re- quest by an officer or employee of the FMA qual- ified in accountancy, business, commerce, eco- nomics, or law, or who is appropriately qualified by reason of skills, training, or experience, an hourly rate of $166.62; and “(b) the costs incurred by the FMA in— “(i) “(ii) obtaining expert advice or expert assistance in connection with the request; and if the FMA decides to grant the request, notifying the decision in the Gazette under regulation 14 of the Financial Markets Authority (Levies) Regu- lations 2012.
“GST “6 Fees inclusive of GST The fees prescribed by these regulations are inclusive of goods and services tax.” Rebecca Kitteridge, 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 1 August 2012, amend the Financial Markets Authority (Fees) Regulations 2011 (the prin- cipal regulations).
The principal regulations are amended to— • prescribe a fee for, and authorise the FMA to recover costs incurred in connection with, a request to waive a levy payable under the Financial Markets Authority (Levies) Regulations 2012: 3 Explanatory note Financial Markets Authority (Fees) Amendment Regulations 2012 2012/120 • update existing amounts in the principal regulations to be in- clusive of goods and services tax.

Issued under the authority of the Acts and Regulations Publication Act 1989.
Date of notification in Gazette: 7 June 2012.

These regulations are administered by the Ministry of Economic Development.

12 4 Wellington, New Zealand: Published under the authority of the New Zealand Government—2012