Climate Change (Unit Register) Regulations 2008

Reprint as at 30 November 2020

Coat of Arms of New Zealand

Climate Change (Unit Register) Regulations 2008

(SR 2008/357)

Anand Satyanand, Governor-General

Order in Council

At Wellington this 29th day of September 2008

Present:
His Excellency the Governor-General in Council

Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

These regulations are administered by the Ministry for the Environment.

Pursuant to section 30G of the Climate Change Response Act 2002, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

Contents

1Title
2Commencement
3Interpretation
3AApproved overseas units prescribed
3BOverseas registry prescribed
3CInternational transaction body prescribed
4Application procedure to open holding accounts
5Registrar may require additional information to verify particulars required under regulation 4
6Holding accounts may be held jointly
6ANominated entities of consolidated groups
7Application procedure to register transactions
8AAProhibition on ability to export New Zealand units
8Approved overseas units cannot be held or transferred except by the Crown
8ACertain industrial gas certified emission reduction units not to be transferred to surrender account [Revoked]
8BCertain industrial gas ERUs and large-scale hydropower ERUs and CERs not to be transferred to surrender account [Revoked]
9Long-term certified emission reduction units [Revoked]
10Nuclear energy [Revoked]
11Effect of retirement
11AANew Zealand units may not be retired
11ABRetirement of approved overseas units [Revoked]
11ACImported assigned amount units not to be surrendered [Revoked]
11ACertified emission reduction units or emission reduction units not to be carried-over
11BCertified emission reduction units, emission reduction units, or removal units not to be transferred to surrender account or Crown holding account [Revoked]
11CCertified emission reduction units, emission reduction units, or removal units not to be repaid to the Crown [Revoked]
11DConversion of New Zealand units into New Zealand assigned amount units for cancellation
11EEffect of conversion of unit
11FEffect of surrendering imported assigned amount units despite prohibition
12Application procedure to close holding accounts
13Holding accounts with units may be closed only if EPA directs Registrar to close them
14Qualifications to be primary representative
15Appointment of primary representatives
16Registrar may require additional information to verify particulars required under regulation 15
17Removal of primary representatives
18Registration of certain rights
19Effect of registration of rights
20Changes in relation to information provided
21Changes in relation to status as qualified person
22Revocation
23Transitional provisions
[Revoked]
Gazette Information
Reprint notes