Section 71N — Parental Leave and Employment Protection Act 1987: Annual adjustment of maximum rates of parental leave payment

71N Annual adjustment of maximum rates of parental leave payment (1) The rate of parental leave payment that applies under section 71M(1)(a) and section 71M(1A)(a) must be adjusted, by Order in Council, as at 1 July each year by any percentage movement upwards in average ordinary time weekly earnings. (2) In this section, average ordinary time weekly earnings means average ordinary time weekly earnings (employees) as determined by the Quarterly Employment Survey published by Statistics New Zealand. (3) The Order in Council must not reduce the amount. (4) The Order in Council comes into force, or is considered to come into force, on 1 July of the calendar year in which it is made, and applies to parental leave payment payable on and after that date. Part 7A (comprising sections 71A to 71ZA) was inserted, as from 1 July 2002, by section 4(2) Parental Leave And Employment Protection (Paid Parental Leave) Amendment Act 2002 (2002 No 7). Subsection (1) was amended, as from 17 May 2006, by section 37 Parental Leave and Employment Protection (Paid Parental Leave for Self-Employed Persons) Amendment Act 2006 (2006 No 20) by inserting the words “ and section 71M(1A)(a) ” after the expression “ section 71M(1)(a) ” . See section 5 of that Act for the application of this amendment.