Climate Change Response (Auction Price) Amendment Bill

Hon James Shaw

Climate Change Response (Auction Price) Amendment Bill

Government Bill

7—2

Contents

Commentary
Key
1Title
2Commencement
3Principal Act
4Section 30GA amended (Regulations for auctions to sell New Zealand units)
5Section 30GB amended (Regulations about limits and price control settings for units)
6Principal regulations
7Regulation 3 amended (Interpretation)
8Regulation 15 amended (Price control settings for units)
9New regulations 15A to 15C and cross-heading inserted
15AMinister must set methodology for calculating confidential reserve price
15AAMinister must review methodology after certain auctions
15BAuction operator must calculate confidential reserve price
15CMethodology and calculated prices are confidential
10Regulation 16 amended (Auction operator must make auction notices publicly available)
11Regulation 30 amended (Process for determining auction results)
12Regulation 33 amended (Requirement to sell at final clearing price)
13Cross-heading above regulation 36 replaced
14Regulation 36 amended (Requirement to make auction results publicly available)
15New regulation 36A inserted (Requirement to provide information relevant to confidential reserve price)
36ARequirement to provide information relevant to confidential reserve price
16Schedule 1 amended
17Schedule 3 amended
Legislative history

The Parliament of New Zealand enacts as follows: