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.