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Budget 2012 Home Page Estimates of Appropriations 2012/12

Vote Commerce

MINISTER(S) RESPONSIBLE FOR APPROPRIATIONS: Minister of Commerce (M13)

ADMINISTERING DEPARTMENT: Ministry of Economic Development

MINISTER RESPONSIBLE FOR MINISTRY OF ECONOMIC DEVELOPMENT: Minister for Economic Development

Overview of the Vote

The Minister of Commerce is responsible for appropriations in the Vote for the 2012/13 financial year covering the following:

  • a total of just over $11 million for policy advice on the effective and low-cost regulation of economic activity, remedies to prevent injury caused by subsidised imports, administration of exemptions from import duties, services to support the Minister, and monitoring the performance and compliance of Crown Entities
  • a total of just under $38 million for the protection of intellectual property rights and the registration and provision of documents required to be filed on public record
  • a total of just over $13 million for the administration of bankruptcies and liquidations, and the management of forfeited property gained from criminal activity
  • a total of just over $64 million for services provided by Crown entities under the purview of this Vote to ensure that business and consumers have confidence in the integrity and effectiveness of New Zealand markets and can make informed decisions
  • a total of just under $13 million for the cost of major litigation undertaken by the Commerce Commission, the Financial Markets Authority and the Takeovers Panel
  • a total of just under $500,000 for membership of various international organisations, and
  • a total of $500,000 for the Statutory Management of Aorangi Securities.

Details of these appropriations are set out in Parts 2-6 for Vote Commerce in the Information Supporting the Estimates of Appropriations.

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