• (1A) Sections 64A to 64D of this Act come into force on 1 January 2009.

64A Goods and Services Tax Act 1985

• Sections 64B to 64D amend the Goods and Services Tax Act 1985.

64B Interpretation

• In section 2(1), the following are inserted in their appropriate alphabetical order:

  “emissions unit means—

  • “(a) a New Zealand unit:

  • “(b) a Kyoto unit as defined in section 4(1) of the Climate Change Response Act 2002:

  • “(c) an approved overseas unit as defined in section 4(1) of the Climate Change Response Act 2002

  “New Zealand unit means a New Zealand unit as defined in section 4(1) of the Climate Change Response Act 2002

64C Zero-rating of goods

• (1) In section 11(1)(n), “item.” is replaced by “item; or” and the following is added:

  • “(o) the goods are supplied as consideration for a supply that is chargeable at the rate of 0% under section 11A(1)(s) or (t).

  (2) Subsection (1) applies to supplies made on or after 1 January 2009.

64D Zero-rating of services

• (1) In section 11A(1)(r)(ii), “paragraph (q).” is replaced by “paragraph (q); or” and the following is added:

  • “(s) the services are a New Zealand unit, and the supply is the transfer of the emissions unit under section 64 of the Climate Change Response Act 2002 or under Part 4, subpart 2 of that Act; or

  • “(t) the services are an emissions unit, and the supply is the surrender of the emissions unit under section 63 of the Climate Change Response Act 2002; or

  • “(u) the services are supplied as consideration for a supply that is chargeable at the rate of 0% under paragraph (s) or (t); or

  • “(v) the services are an emissions unit, and the supply is the sale or other disposal of the emissions unit.

  (2) Subsection (1) applies to supplies made on or after 1 January 2009.