160 Review of operation of emissions trading scheme

(1)

The Minister may, at any time, initiate a review of the operation and effectiveness of the emissions trading scheme established by this Act.

(2)

A review may be undertaken by any method the Minister considers appropriate.

(3)

Without limiting the Minister’s discretion under subsections (1) and (2), the Minister may appoint a review panel—

(a)

to conduct a review under subsection (1); and

(b)

to report in accordance with the terms of reference.

(4)

If the Minister appoints a panel, the Minister must—

(a)

specify the written terms of reference for the review; and

(b)

publish the report of the panel; and

(c)

present a copy of the report to the House of Representatives.

(5)

If the Minister initiates a review but does not appoint a panel, the Minister must—

(a)

consult persons (or their representatives) who appear to the Minister likely to have an interest in the review; and

(b)

consult representatives of iwi and Māori who appear to the Minister to be likely to have an interest in the review; and

(c)

specify the written terms of reference for the review; and

(d)

establish a procedure that the Minister is satisfied is appropriate, fair in the circumstances, and in accordance with the terms of reference.

Section 160: replaced, on 1 January 2013, by section 61 of the Climate Change Response (Emissions Trading and Other Matters) Amendment Act 2012 (2012 No 89).