Legislative implications

116. New levy rates are required to be set by 31 March 2010, for the composite work levy and composite Earners' Account levy, otherwise the 2009/10 levy rates will remain in place from 1 April 2010.

117. If new composite Earners' Account levy rates are to be charged on 1 April 2010, the Inland Revenue Department processes would require approved Earners' levy rates before 17 December 2009 so that Payroll software developers can update, test and distribute their systems updates.

118. New levy rates are required to be set by 30 June 2010 for the Motor Vehicle Account, otherwise the 2009/10 levy rates will remain in place from 1 July 2010.

119. If new composite Motor Vehicle Account levy rates are to be changed on 30 June 2010, the NZTA and Customs require any proposed changes to the classification structure before the end of the year in order to make the necessary system changes. The NZTA require the 2010/11 motor vehicle levy rates by the end of March 2010 so invoicing can occur for the new levy year. New Zealand Customs Services also require the petrol levy requirements by the end of March 2010.