New Zealand Legislation: Supplementary Order Papers
Supplementary Order Papers (SOPs) are proposed amendments to Bills
Supplementary Order Papers (SOPs) are proposed amendments to Bills
Clause 43: new section 69
Subsection (1): to omit “and functions”
(line 5 on page 82).
Subsection (1): to omit “subsection (2)”
(line 7 on page 82) and substitute “this section and section 72(2)”
.
Subsection (1)(c)(i): to omit “2013; and”
(line 14 on page 82) and substitute “2013; or”
.
Subsection (2)(a)(i): to omit “trade exposed”
(line 21 on page 82) and substitute “trade-exposed”
.
Subsection (2)(a)(iii)(A): to omit “carry out”
(line 27 on page 82) and substitute “are participants in respect of”
.
Subsection (2)(a)(iii)(A): to insert after “Schedule 3”
(line 28 on page 82) “or Part 4 of Schedule 4”
.
Subsection (2)(a)(iii)(A): to omit “or has an exemption under section 60 in respect of the activity”
(lines 32 and 33 on page 82).
Subsection (2)(a)(iii)(B): to omit “persons”
(line 35 on page 82) and substitute “participants”
.
Subsection (2)(a)(iii)(B): to omit “persons'”
(line 37 on page 82) and substitute “person's”
.
Subsection (2)(a)(iii)(B): to omit “or direct”
(line 1 on page 83) and substitute “direct”
.
Subsection (2)(a)(iii)(B): to omit “electricity:”
(line 4 on page 83) and substitute “electricity; and”
.
Subsection (2)(b): to insert after “for allocation”
(line 7 on page 83) “free of charge”
.
Subsection (2)(b)(ii): to omit this subparagraph (lines 20 to 30 on page 83) and substitute the following subparagraph:
“(ii) a number of New Zealand units that the Minister is satisfied is sufficient to compensate the persons specified in paragraph (a) for 90% of the electricity cost increase that the Minister estimates those persons would face, due to the obligation imposed by this Act on participants to surrender units, in the period for which the allocation plan is in force, as if those persons purchased and consumed the same amount of electricity per year in that period as those persons did in 2005; and
Subsection (2)(c): to omit this paragraph (lines 31 to 37 on page 83) and substitute the following paragraph:
“(c) if the allocation plan is in force in any year from 1 January 2019 to 31 December 2029, a total number of New Zealand units available for allocation free of charge under the allocation plan that is equal to eleven-twelfths of N in 2019, and then declining in each subsequent year at a linear rate to reach a number equal to one-twelfth of N in 2029, where N equals the total number of New Zealand units available for allocation under paragraph (b) in 2018; and
Subsection (2)(d): to omit “trade exposed, which must include (but are”
(lines 2 and 3 on page 84) and substitute “trade-exposed, including (but”
.
To add the following subsections (after line 19 on page 84):
“(3) If, after 31 December 2018, a person becomes eligible for an allocation of New Zealand units in accordance with an allocation plan providing for the matters in this section, the allocation plan may provide for the matters in subsection (2)(c) as if the person had been eligible for an allocation of New Zealand units in accordance with an allocation plan providing for the matters in this section that was in force in 2018.
“(4) Nothing in subsection (3) entitles a person who becomes an eligible person after 31 December 2018 to an allocation of New Zealand units free of charge in any year before the year in which the person becomes an eligible person.