Climate Change Response (Extension of Penalty Transition for Forestry Activities with Low Volume Emissions Liabilities) 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 will extend the transition period provided for New Zealand Emissions Trading Scheme participants with low-volume emissions liabilities related to forestry activity within which they must comply with the penalties and compliance regime introduced by the Climate Change Response (Emissions Trading Reform) Amendment Act 2020. The extension, until 1 January 2025, will mitigate the risk of serious hardship to small forestry participants who would fail to surrender or repay units by the previous due date of 1 January 2023.