27Staged payment approvals

27 Staged payment approvals

(1) On receiving an application under section 26, the Secretary may approve or refuse to approve the staged payment of the levy by the person who applied for it.

(2) If the Secretary approves the staged payment of the levy, the Secretary—

(a) must make the approval subject to the conditions set out in subsection (3); and

(b) may make the approval subject to any other conditions that the Secretary considers appropriate.

(3) For the purposes of subsection (2)(a), the conditions are—

(a) the levy must be paid in stages in accordance with this Division and the conditions to which the approval is subject; and

(b) in the case of an approval relating to a plan of subdivision, each stage for payment must relate to a specified part of the land that is to be subdivided; and

(c) the payment for each stage must be paid by a specified date, a date on which a specified event occurs or a date that relates to the occurrence of a specified event (the due date); and

A specified event may be the issue of a statement of compliance for a stage of a staged subdivision of land or the completion of a mandatory notification stage under the Building Act 1993 of a stage of building work.

(d) there must be a final date specified for the payment of the whole of the levy; and

(e) the whole of the levy must be paid on or before the final date specified under paragraph (d); and

(f) if there is a failure to make a payment for any stage by the due date for that stage, the whole of the levy for which the person is liable becomes payable on the day after the due date.

See section 34.