Supplementary Order Paper No 231

No 231

House of Representatives

Supplementary Order Paper

Tuesday, 2 September 2008

Climate Change (Emissions Trading and Renewable Preference) Bill


Proposed amendments

Hon David Parker, in Committee, to move the following amendments:

Clause 2

To insert the following subclause after subclause (1) (after line 2 on page 13):

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

New clauses 64A to 64D

To insert the following new clauses after clause 64 (after line 25 on page 233):

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.


Explanatory note

This Supplementary Order Paper inserts new clauses 64A to 64D containing consequential amendments to the Goods and Services Tax Act 1985, providing for goods and services tax at a rate of 0% on transactions involving emissions units made on or after 1 January 2009.