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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
Contents
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: