New Zealand Legislation: Regulations
Regulations are laws made under Acts
This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 November 2008, replace the Climate Change (Unit Register) Regulations 2007 to account for changes to the Climate Change Response Act 2002 that established an emissions trading system. These regulations set out the various requirements in relation to the Registry established under section 10 of the Climate Change Response Act 2002. The purpose of the Registry is to—
ensure the accurate accounting of the issue, holding, transfer, retirement, and cancellation of the various units specified in the Protocol to the United Nations Framework Convention on Climate Change (1997); and
facilitate the implementation, operation, and administration of a greenhouse gas emissions trading scheme in New Zealand that assists New Zealand in meeting its international obligations under the United Nations Framework Convention on Climate Change (1992) and the Protocol to the United Nations Framework Convention on Climate Change (1997).