Estimates of appropriations

Vote Commerce - Estimates 2013/2014

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

ADMINISTERING DEPARTMENT: Ministry of Business, Innovation and Employment

MINISTER RESPONSIBLE FOR MINISTRY OF BUSINESS, INNOVATION AND EMPLOYMENT: Minister for Economic Development

Overview of the Vote#

The Minister of Commerce is responsible for appropriations in the Vote for the 2013/14 financial year covering the following:

Departmental appropriations consisting of:

  • 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 over $37 million for the protection of intellectual property rights and the registration and provision of documents required to be filed on public record, and
  • a total of just under $15 million for the administration of bankruptcies and liquidations, and the management of forfeited property gained from criminal activity.

Non-departmental appropriations consisting of:

  • a total of just over $65 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 over $10 million for the cost of major litigation undertaken by the Commerce Commission, the Financial Markets Authority and the Takeovers Panel, and
  • a total of just under $500,000 for membership of various international organisations.

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

Details of Appropriations#

Details of Annual and Permanent Appropriations

Details of Annual and Permanent Appropriations - Commerce
2012/132013/14
Titles and Scopes of Appropriations by Appropriation TypeBudgeted
$000
Estimated
Actual
$000
Budget
$000

Departmental Output Expenses

Administration of Insolvencies (M13)

The administration of bankruptcies and liquidations under the Insolvency Act 2006 and the Companies Act 1993 and the management of criminal proceeds orders under the Proceeds of Crime Act 1991, and the Criminal Proceeds (Recovery) Act 2009.
14,67414,67414,673

Business Law and Competition Operational Policy, Ministerial Servicing and Crown Entity Monitoring (M13)

This appropriation is limited to the development of operational policies in relation to financial sector legal frameworks, competition law and corporate governance, intellectual property, technical barriers to trade, trade rules remedies and tariffs, and other border issues, services to support the Minister, monitoring the performance and compliance of Crown Entitles, and providing support and monitoring of statutory bodies.
1,5921,5922,292

Policy Advice - Business Law and Competition Policy (M13)

This appropriation is limited to the provision of advice (including second opinion advice and contributions to policy advice led by other agencies) to support decision-making by Ministers on government policy matters.
8,4158,4157,751

Policy Advice and Investigative Services - Regulatory Environment MCOA (M13)

1,0421,0421,174
Administration of Trade Remedies
This appropriation is limited to investigative services including ministerial servicing to establish whether New Zealand industries require remedies to prevent injury caused by dumped or subsidised imports or sudden import surges.
1,0421,0421,174

Registration and Granting of Intellectual Property Rights (M13)

Administering legislation providing for the protection of intellectual property rights by the granting of patents and plant variety rights, the registration of trademarks and designs.
14,21214,21213,904

Registration and Provision of Statutory Information (M13)

Registering and provision of documents and information services in respect of all corporate entities, securities over insurance and superannuation schemes and securities over personal property (excluding land).
23,39623,22523,396

Administration of Part II Tariff Concessions (M13)

Assessing applications by importers to be exempted from import duties under the tariff concessions policy.
298298-

Total Departmental Output Expenses

63,62963,45863,190

Non-Departmental Output Expenses

Accounting and Assurance Standards Setting (M13)

This appropriation is limited to the funding of financial reporting and auditing and assurance standards setting for the purposes of promoting the quality of financial reporting.
4,4104,4104,410

Administration of the Takeovers Code (M13)

The performance of statutory functions by the Takeovers Panel as specified in the Takeovers Act 1993.
1,4941,4941,494

Enforcement of Dairy Sector Regulation and Auditing of Milk Price Setting (M13)

This appropriation is limited to funding for reviewing Fonterra's milk price setting arrangements, and dispute resolution relating to and enforcement of the Dairy Industry Restructuring Act 2001 and related regulations.
1,5431,5431,245

Enforcement of General Market Regulation (M13)

This appropriation is limited to the promotion of fair trading and competitive markets through the administration, enforcement and adjudication activities of the Commerce Commission, and the internal costs of major litigation undertaken by the Commerce Commission in relation to all of its statutory functions.
16,43516,43516,435

Performance of Investigation and Enforcement Functions (M13)

This appropriation is limited to the performance of statutory functions relating to the investigation and enforcement of financial markets legislation, including the assessment of complaints, tips, and referrals.
6,9686,9687,973

Performance of Licensing and Compliance Monitoring Functions (M13)

This appropriation is limited to the performance of statutory functions relating to licensing of market participants and risk-based monitoring of compliance, including with disclosure requirements under financial markets legislation.
12,25612,25612,556

Performance of Market Analysis and Guidance, Investor Awareness, and Regulatory Engagement Functions (M13)

This appropriation is limited to the performance of statutory functions relating to market intelligence, guidance, exemptions, investor education, and regulatory and government co-operation and advice.
6,2376,2377,241

Regulation of Airport Services (M13)

This appropriation is limited to the regulation of specified airport services provided by Auckland, Wellington and Christchurch International Airports, under Part 4 of the Commerce Act 1986.
1,0191,019600

Regulation of Electricity Lines Businesses (M13)

This appropriation is limited to the regulation of electricity lines businesses and Transpower under Part 4 of the Commerce Act 1986.
4,8444,8445,939

Regulation of Natural Gas Services (M13)

This appropriation is limited to the regulation of natural gas services under Part 4 of the Commerce Act 1986.
2,1562,1561,586

Retirement Commissioner (M13)

This appropriation is limited to services from the Retirement Commissioner to develop and promote methods of improving the effectiveness of retirement income policies, through the publishing of information and the delivery of a comprehensive public financial education programme.
5,7825,7825,782

Total Non-Departmental Output Expenses

63,14463,14465,261

Non-Departmental Other Expenses

Commerce Commission Litigation Fund (M13)

This appropriation is limited to meeting the external direct costs of major litigation activity undertaken by the Commerce Commission arising from its general market or sector specific activities.
10,79010,7908,000

Contributions to International Organisations (M13)

Annual fee for New Zealand's membership of the International Copyright and Patent Union; International Patent Documentation Centre; International Standards Association; International Union for the Protection of New Plant Varieties.
485485485

Financial Markets Authority Litigation Fund (M13)

This appropriation is limited to meeting the cost of major litigation activity arising from the enforcement of financial markets and securities markets law.
2,0002,0002,000

Takeovers Panel Litigation Fund (M13)

This appropriation is limited to meeting the cost of major litigation activity undertaken by the Takeovers Panel arising from it carrying out functions under the Takeovers Act 1993 and the Takeovers Code.
200200200

Total Non-Departmental Other Expenses

13,47513,47510,685

Non-Departmental Capital Expenditure

Statutory Management - Aorangi Securities Limited and Others (M13)

This appropriation is limited to the provision of services by the statutory managers and others within the scope of section 66(1) of the Corporations (Investigation and Management) Act 1989.
500500-

Total Non-Departmental Capital Expenditure

500500-

Total Annual and Permanent Appropriations

140,748140,577139,136