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

Hon James Shaw

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

Government Bill

207—1

Contents

Explanatory note
1Title
2Commencement
3Principal Act
Part 1
Amendments relating to late payment penalties for low-volume forestry activities
4Section 89 amended (EPA to publish certain information)
5Section 120A amended (Liabilities, penalties, and interest when emissions returns amended)
6Section 134 amended (Penalty for failing to surrender or repay units by due date)
7New sections 134AA and 134AB inserted
134AAPenalty for failing to surrender or repay units by due date (where liability is for lower amount)
134ABDetermining the penalty for failing to surrender or repay additional units by due date
8Section 137 amended (Interest for late payment)
9Section 159 amended (Recovery of costs)
Part 2
Amendments relating to industrial allocations
10Section 3A amended (Treaty of Waitangi (Te Tiriti o Waitangi))
11Section 3B amended (Consultation about certain regulations, orders, and notices)
12New section 84AA inserted (Validated allocation adjustment for new activities)
84AAValidated allocation adjustment for new activities
13Section 149 amended (Sharing information)
14Section 161A amended (Regulations in relation to eligible industrial activities)
15Section 161C amended (Eligible industrial activities)
16Section 161D amended (Power to require information for purposes of allocation to industry)
17Section 161E amended (Requirements in respect of notice given under section 161D)
18New sections 161F and 161FA inserted
161FNew activities
161FADetermining electricity allocation factors
Amendment to Climate Change (Eligible Industrial Activities) Regulations 2010
19Principal regulations
20New regulation 6A inserted (Modelling assumptions for market model used to determine allocation factors for electricity)
6AModelling assumptions for market model used to determine allocation factors for electricity
Part 3
Transitional provisions
21Schedule 1AA amended
Schedule
New Part 3 inserted into Schedule 1AA

The Parliament of New Zealand enacts as follows: