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.
Introduced 02 December 2022, awaiting first reading
|Bill type||Government bill|
|Introduced||2 December 2022|
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