New Zealand Legislation: Regulations

6A Nominated entities of consolidated groups

• (1) This regulation applies if the nominated entity of a consolidated group gives notice to the EPA under section 152(3) of the Act that—

  • (a) the nominated entity is to cease to be the agent for the consolidated group; and

  • (b) another entity that is a member of the consolidated group is to become the agent for the consolidated group.

  (2) The nominated entity must give the Registrar—

  • (a) a copy of the notice; and

  • (b) the information referred to in regulation 4(2)(b) for the entity that is to become the agent of the consolidated group.

  (3) The nominated entity must comply with subclause (2) no later than 10 working days after the date on which the entity gave notice to the EPA.

  (4) The Registrar must—

  • (a) remove the nominated entity as the account holder of the holding account in the name of the consolidated group; and

  • (b) add the entity that is to become the agent for the consolidated group as the account holder; and

  • (c) notify the entity that it has been added as the account holder of the holding account in the name of the consolidated group.

  (5) The Registrar must comply with subclause (4)—

  • (a) as soon as practicable after the date on which the Registrar received a copy of the notice and the information; or

  • (b) on a later date specified in the notice as the date on which the nominated entity will cease to be the agent for the consolidated group.

  Regulation 6A: inserted, on 8 December 2009, by section 88(2) of the Climate Change Response (Moderated Emissions Trading) Amendment Act 2009 (2009 No 57).

  Regulation 6A(1): amended, on 5 December 2011, by section 53(2) of the Environmental Protection Authority Act 2011 (2011 No 14).

  Regulation 6A(3): amended, on 5 December 2011, by section 53(2) of the Environmental Protection Authority Act 2011 (2011 No 14).