This bill will extend the transition period provided for New Zealand Emissions Trading Scheme participants with low-volume emissions liabilities related to forestry activity within which they must comply with the penalties and compliance regime introduced by the Climate Change Response (Emissions Trading Reform) Amendment Act 2020. The extension, until 1 January 2025, will mitigate the risk of serious hardship to small forestry participants who would fail to surrender or repay units by the previous due date of 1 January 2023.
Royal Assent given 28 November 2022.
Enacted as the Climate Change Response (Extension of Penalty Transition for Forestry Activities with Low Volume Emissions Liabilities) Amendment Act 2022 (2022/68)
|Bill type||Government bill|
|Introduced||4 October 2022|
|First reading||18 October 2022|
|Select Committee||Environment Committee|
|Public submissions due||26 October 2022|
|Select Committee report back||11 November 2022|
|Second reading||16 November 2022|
|Committee of the whole House||22 November 2022|
|Third reading||22 November 2022|
|Royal Assent||28 November 2022|
|Enacted as||Climate Change Response (Extension of Penalty Transition for Forestry Activities with Low Volume Emissions Liabilities) Amendment Act 2022 (2022/68)|
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