Climate Change Response (Auction Price) Amendment Bill

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Hon James Shaw

Climate Change Response (Auction Price) Amendment Bill

Government Bill

7—2

	Commentary
	Key
1	Title
2	Commencement
	Part 1 Amendments to principal Act
3	Principal Act
4	Section 30GA amended (Regulations for auctions to sell New Zealand units)
5	Section 30GB amended (Regulations about limits and price control settings for units)
	Part 2 Amendments to Climate Change (Auctions, Limits, and Price Controls for Units) Regulations 2020
6	Principal regulations
7	Regulation 3 amended (Interpretation)
8	Regulation 15 amended (Price control settings for units)
9	New regulations 15A to 15C and cross-heading inserted
		Methodology and calculation of confidential reserve prices for auctions
	15A	Minister must set methodology for calculating confidential reserve price
	15AA	Minister must review methodology after certain auctions
	15B	Auction operator must calculate confidential reserve price
	15C	Methodology and calculated prices are confidential
10	Regulation 16 amended (Auction operator must make auction notices publicly available)
11	Regulation 30 amended (Process for determining auction results)
12	Regulation 33 amended (Requirement to sell at final clearing price)
13	Cross-heading above regulation 36 replaced
		Publication of auction results and provision of certain information
14	Regulation 36 amended (Requirement to make auction results publicly available)
15	New regulation 36A inserted (Requirement to provide information relevant to confidential reserve price)
	36A	Requirement to provide information relevant to confidential reserve price
16	Schedule 1 amended
17	Schedule 3 amended
	Schedule New Part 2 inserted into Schedule 1 of principal regulations
	Legislative history

The Parliament of New Zealand enacts as follows:

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Climate Change Response (Auction Price) Amendment Bill

Climate Change Response (Auction Price) Amendment Bill

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