Climate Change (Unit Register) Regulations 2008

Reprint as at 1 January 2013

Climate Change (Unit Register) Regulations 2008

(SR 2008/357)

Anand Satyanand, Governor-General

Order in Council

At Wellington this 29th day of September 2008

Present:
His Excellency the Governor-General in Council

Note

Changes authorised by section 17C of the Acts and Regulations Publication Act 1989 have been made in this reprint.

A general outline of these changes is set out in the notes at the end of this reprint, together with other explanatory material about this reprint.

These regulations are administered by the Ministry for the Environment.

Pursuant to section 30G of the Climate Change Response Act 2002, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

Contents

1 Title

2 Commencement

3 Interpretation

Opening holding accounts

4 Application procedure to open holding accounts

5 Registrar may require additional information to verify particulars required under regulation 4

6 Holding accounts may be held jointly

6A Nominated entities of consolidated groups

Transfer of units

7 Application procedure to register transactions

Restrictions on certain transactions

8 Temporary certified emission reduction units

8A Certain industrial gas certified emission reduction units not to be transferred to surrender account

8B Certain industrial gas ERUs and large-scale hydropower ERUs and CERs not to be transferred to surrender account

9 Long-term certified emission reduction units

10 Nuclear energy

11 New Zealand units may only be transferred to certain overseas registries

Closing holding accounts

12 Application procedure to close holding accounts

13 Holding accounts with units may be closed only if EPA directs Registrar to close them

Primary representatives

14 Qualifications to be primary representative

15 Appointment of primary representatives

16 Registrar may require additional information to verify particulars required under regulation 15

17 Removal of primary representatives

Possession of units for purposes of Personal Property Securities Act 1999

18 Registration of certain rights

19 Effect of registration of rights

Updating or correcting information

20 Changes in relation to information provided

21 Changes in relation to status as qualified person

22 Revocation

23 Transitional provisions

Schedule
Large-scale hydropower projects generating units approved for surrender

Gazette information

Reprint notes

Regulations