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Regulatory Impact Statement: Stage 2 Cost Recovery Impact Statement - Increase in the Earthquake Commission's Premium

Publication Details

  • Regulatory Impact Statement: Increase in the Earthquake Commission's premium - Stage 2 Cost Recovery Impact Statement
  • Published: 3 Aug 2017
  • Status: Current
  • Author: The Treasury
 

Stage 2 Cost Recovery Impact Statement - Increase in the Earthquake Commission's Premium

RIS prepared 11 May 2017
Published 3 Aug 2017

The Treasury has prepared this Cost Recovery Impact Statement (CRIS). It provides an analysis of options to raise the premium of the Earthquake Commission (EQC) to an appropriate level to meet anticipated long-run costs of the scheme, to replenish the depleted Natural Disaster Fund (NDF), to meet the EQC's current reinsurance deductible within a reasonable timeframe and to reduce the fiscal risk to the Crown.

Contents

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Agency Disclosure Statement

Executive summary

Status quo

Cost-recovery principles and objectives

Policy rationale: Why a user charge? And what type is most appropriate?

The level of the proposed fee and its cost components (cost-recovery model)

Impact analysis

Consultation

Conclusions and recommendations

Implementation plan

Monitoring and evaluation

Review

ris-tsy-iec-aug17.pdf (229 KB) pp. 1–11
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