FENZ Levies – a great win for the aviation industry!
The Association is pleased to advise the Government announced yesterday a significant reduction in FENZ levies that had been proposed for the aviation industry.
The original fees proposed at 11.51c per $100 insured with an unlimited cap would have had a helicopter paying approximately $9,000 in levies, an aircraft valued at $10 million approximately $11,500 and a jet aircraft, more than $100,000.
Instead, a rate of 7.76c per $100 insured will apply up to a maximum of $100,000, so for any aircraft that flies in New Zealand, the maximum annual levy will be $77.60.
Earlier this year, the AIANZ went public with its concerns. Working closely with our colleagues at the Aviation Federation, the two organisations were able to present a robust argument and compelling case to Ministers and officials highlighting the flawed reasoning behind the significant increases that had been proposed by Department of Affairs officials.
The Ministry of Transport also advocated for aviation, in evidencing that the original proposal did not represent actual utilisation of FENZ services by aviation operators.
Read here for further details on the revised changes announced yesterday.
The FENZ case illustrates the real value the AIANZ can bring to members and the wider industry with measurable savings to businesses.
Simon Wallace
Chief Executive, AIANZ