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The square metre rate for the 2021 income year (1 April 2020 to 31 March 2021) is set at $44.75. The amount reflects the June 2019 Household Economic Survey utility costs information sourced from Statistics New Zealand and the annual movement of the Consumers Price Index for the12 months to March 2020 and 2021, which showed an increase of 2.5% and 1.5% respectively.

Operational Statement 19/03 provides further information on the use of the square metre rate