Climate Change Response (Late Payment Penalties and Industrial Allocation) Amendment Bill

About this bill

This bill amends provisions in the Climate Change Response Act 2022 relating to the New Zealand Emissions Trading Scheme. It updates the penalty for participants with low-volume liabilities of less than 25,000 units on average per year from forestry activities, occurring from 1 January 2025, who fail to surrender or repay units by the due date. The bill also updates industrial allocation settings.

Current status

Introduced 02 December 2022, awaiting first reading

Member of Parliament responsible
Bill type

Government bill

All data
Bill type Government bill
Parliament 53
Ref 207-1
Introduced 2 December 2022
Divided No

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