Customs and Excise (Tobacco Products—Budget Measures) Amendment Act 2016

1: Title
This Act is the Customs and Excise (Tobacco Products—Budget Measures) Amendment Act 2016.
2: Commencement
This Act comes into force on the day after the date on which it receives the Royal assent.
3: Principal Act
This Act amends the Customs and Excise Act 1996 principal Act 2016-05-31 Customs and Excise Act 1996
1: Excise and excise-equivalent duties on tobacco products
4: Section 79 amended (Indexation of rates of excise duty and excise-equivalent duty on alcoholic beverages and tobacco products)
1: After section 79(3)
3B: If an Order in Council is made under subsection (1), changes the rates of excise duty and excise-equivalent duty for tobacco products, and comes into force on 1 January in 2017, 2018, 2019, or 2020, then despite subsections (1) to (3),—
a: every new rate of excise duty or excise-equivalent duty that the Order in Council imposes on a tobacco product is calculated by adding 10% of the existing rate of duty on the product to the result achieved by applying the formula in subsection (3); and
b: the Order in Council must be called (as the case requires) an Excise and Excise-equivalent Duties Table (Tobacco Products Indexation and Separate 10% Increase) Amendment Order 2016, 2017, 2018, or 2019.
2: Section 79(3B)
5: New section 79AD inserted (Rates of duties for tobacco products increased by 10% if not indexed on 1 January in 2017 to 2020)
1: Before section 79A
79AD: Rates of duties for tobacco products increased by 10% if not indexed on 1 January in 2017 to 2020
1: This section, in accordance with section 76G(1), amends the Excise and Excise-equivalent Duties Table.
2: A rate in that Table is amended by this section only if the rate is one that is—
a: a rate of excise duty or excise-equivalent duty on a tobacco product (as defined in section 79(4)); and
b: in force immediately before 1 January in 2017, 2018, 2019, or 2020; and
c: not changed on that date by an Order in Council made under section 79(1) and (3B).
3: The rate is on that date replaced with a new rate calculated by adding to the rate an amount equal to 10% of the rate.
2: Section 79AD of the principal Act (as inserted by subsection (1)) is repealed on 1 January 2020 (but without affecting any amendments it makes before or on that date).
2: Excluding price increases from required CPI indexation of, or related to, social assistance
Amendment to Children, Young Persons, and Their Families Act 1989
6: Section 363 amended (Payment to person or organisation providing care)
In section 363(6) 2017 2021 2016-05-31 Children, Young Persons, and Their Families Act 1989 Amendment to Education Act 1989
7: Section 303 amended (Student allowances)
In section 303(3C) 2017 2021 2016-05-31 Education Act 1989 Application of Income Tax Act 2007 Heading repealed 29 May 2017 section 24 Taxation (Budget Measures: Family Incomes Package) Act 2017
8: Application of section MF 7 (Orders in Council)
Section 8 repealed 29 May 2017 section 24 Taxation (Budget Measures: Family Incomes Package) Act 2017 Amendment to New Zealand Superannuation and Retirement Income Act 2001
9: Section 15 amended (Annual adjustment of standard rates of New Zealand superannuation)
In section 15(2A) 2017 2021 2016-05-31 New Zealand Superannuation and Retirement Income Act 2001 Amendments to Social Security Act 1964
10: Section 61HA amended (Annual CPI adjustment of rates of certain benefits)
In section 61HA(3) 2017 2021 2016-05-31 Social Security Act 1964
11: Section 155 amended (Regulations relating to this Part)
In section 155(2A) 2017 2021 Amendment to Veterans' Support Act 2014
12: Section 170 amended (Annual adjustment of rates of veteran’s pension)
In section 170(4) 2015, 2016, and 2017 any year from 2015 to 2021 (inclusive) 2016-05-31 Veterans’ Support Act 2014