Document ID: chunk:federal_register_of_legislation:C2006A00166:clause:1_153zii
Version: federal_register_of_legislation:C2006A00166
Segment Type: clause
Provision Reference: sch 1 cl 153ZII
Character Range: 14551–16389

153ZII  Goods last processed in New Zealand

 (1) Goods are New Zealand originating goods if:
 (a) the last process in their manufacture was performed in New Zealand; and
 (b) the qualifying expenditure on the goods is at least 50% (the standard percentage) of the factory cost of the goods.

Lower percentage in unforeseen circumstances

 (2) If the CEO is satisfied that:
 (a) a shipment of goods would be New Zealand originating goods under this section if the standard percentage were 48%; and
 (b) the qualifying expenditure on the goods would have been at least 50% of the factory cost of the goods if an unforeseen circumstance had not occurred; and
 (c) the unforeseen circumstance is unlikely to continue;
the CEO may determine in writing that the standard percentage is taken to be 48%:
 (d) for the purpose of that shipment of goods; and
 (e) for the purpose of any later shipment of similar goods that is affected by that unforeseen circumstance during a period specified in the determination.

 (3) A determination made under subsection (2) is not a legislative instrument.

CEO may revoke determination

 (4) If:
 (a) the CEO makes a determination under subsection (2); and
 (b) the CEO becomes satisfied that the unforeseen circumstance no longer exists;
the CEO may, by writing, revoke the determination even though the period specified in it has not ended.

Definitions

 (5) In this section:

factory cost of goods has the meaning given by the regulations.

qualifying expenditure on goods has the meaning given by the regulations.

similar goods, in relation to goods in a particular shipment (the first shipment), means goods:
 (a) that are contained in another shipment that is imported by the same importer; and
 (b) that undergo the same process or processes of manufacture as the goods in the first shipment.