New Zealand Legislation: Bills
Bills are proposed Acts
(1) Section 17(1) is amended by omitting “The”
and substituting “Despite anything in this Act, the”
.
(1) Section 17 is amended by repealing subsection (1) and substituting the following subsection:
“(1) Despite anything in this Act, the Registrar may not transfer or cancel Kyoto units if the transfer or cancellation would cause the total of the Kyoto units in all holding accounts and the retirement account in the unit register, excluding those Kyoto units subject to a notification from the international transaction log under section 21(3), to fall below the commitment period reserve.”
(2) Section 17(1) is amended by inserting “Kyoto”
after “or cancel”
.
(3) Section 17(1) is amended by omitting “independent”
and substituting “international”
.
(4) Section 17(2) is amended by inserting “Kyoto”
after “cancellations of”
.
