Action Taken to Address Surpluses in the Memorandum Accounts
Registration and Provision of Statutory Information
The impact of substantial overall increases in volumes within the Companies Office has been incorporated in a 10-year strategy model to address the impact of the shift from annual to electronic services and the fee adjustment required to meet the long-term strategy to reduce the memorandum account.
Annual reviews will continue to be undertaken to incorporate any volume impacts and to ensure this strategy is successful.
Motor Vehicle Traders Register and Information Programme
A fee strategy has been agreed to whereby the amortised costs associated with establishing the register and undertaking a mixed media education campaign and ongoing client communication and training will be recovered over a five-year period to 2007/2008 through registration fee surpluses.
Registration and Granting of Intellectual Property Rights
A memorandum account has been established under this output class to accumulate a surplus balance to the year 2010 when the impact of changes in the timing of the fee receipts brought into effect by the Trade Marks Act 2002. From 2010-2017, it is anticipated that there will be fluctuations in revenue levels resulting in deficits in this period.
Management and Enforcement of Radiocommunications Act 1989
As a result of the review undertaken within the Radio Spectrum Management Group in 2002/2003, a fees review proposing a new fee structure to reflect the shift in strategic direction and business process and accurately assess the cost structure of the new group has been undertaken, with a new fee structure implemented in 2005/2006. A revised fees schedule, based on ongoing reviews and continuation of the longer-term strategy for reducing the memorandum account, is due to be implemented in 2007.
Administration of Gas and Electricity Regulations
A review of the current costs and fees structure has been undertaken which includes a strategy for reducing the memorandum account and a new fee schedule which will be implemented in 2006/2007.
These activities are transferring to the Department of Building and Housing on 1 September 2006.
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