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Climate Change Response (Late Payment Penalties and Industrial Allocation) Amendment Bill
Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.
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.MP in charge
Hon James ShawCommittee
Environment
Bill No.207-2
53Parliament
Progress of the Bill
Details
Assented on 23 Aug 2023
Act: Climate Change Response (Late Payment Penalties and Industrial Allocation) Amendment Act 2023
Royal Assent
The Governor-General formally signs the bill into law.
Bill () [ MB]
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Member(s) in charge: Hon James Shaw Type of Bill: Government Parliament: 53 Bill no: 207-2 Introduction: 01 Dec 2022 First reading agreed: 21 Feb 2023 Referred to: Environment Submissions due: 22 Feb 2023 Select Committee Report(s): Climate Change Response (Late Payment Penalties and Industrial Allocation) Amendment Bill - 08 Aug 2023 Second reading agreed: 15 Aug 2023 Committee of the whole House concluded: 15 Aug 2023 Third reading agreed: 15 Aug 2023 Royal assent: 23 Aug 2023 Act: Climate Change Response (Late Payment Penalties and Industrial Allocation) Amendment Act 2023