Source: http://www.legislation.govt.nz/act/public/2002/0040/16.0/DLM1662638.html
Timestamp: 2020-05-29 12:44:51
Document Index: 93983328

Matched Legal Cases: ['art 5', 'art 5', 'art 5', 'art 5', 'art 5', 'art 5', 'art 5']

Climate Change Response Act 2002 No 40 (as at 26 September 2008), Public Act 76 Allocation to agriculture – New Zealand Legislation
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76 Allocation to agriculture
(1) The Minister must exercise his or her powers this section and section 78(2) under this subpart to ensure that an allocation plan that provides for the matters in this section and section 78(2) is in force for each of the following periods—
(a) the subsequent commitment period following the first commitment period (the second commitment period):
(b) each subsequent commitment period following the second commitment period, but expiring no later than 31 December 2029:
(c) if there is no second commitment period,—
(i) the 5-year period commencing on 1 January 2013; or
(ii) each subsequent 5-year period after the period specified in subparagraph (i), but expiring no later than 31 December 2029.
(2) The matters that an allocation plan must provide for are—
(a) an allocation of New Zealand units free of charge to—
(i) persons who—
(A) meet any tests or thresholds that are specified in the allocation plan; and
(B) subject to subsection (3), in any year or years specified in the allocation plan, are participants in respect of an activity listed in Part 5 of Schedule 3 or Part 5 of Schedule 4, or are not participants in respect of an activity listed in Part 5 of Schedule 3, but who farm, raise, grow, or keep ruminant animals, pigs, horses, or poultry for reward or for the purpose of trade in those animals or in animal material or animal products taken or derived from those animals, or who purchase, other than for on-selling, synthetic fertiliser containing nitrogen; or
(ii) bodies corporate or trusts representing the persons specified in subparagraph (i)(B); and
(b) if the allocation plan is in force in any year from 1 January 2013 to 31 December 2018, a total number of New Zealand units available for allocation free of charge under the allocation plan, in each year that the allocation plan is in force, consisting of 90 New Zealand units for each 100 tonnes of emissions that the Minister is satisfied resulted from the activities listed in Part 5 of Schedule 3 in 2005; and
(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 number of New Zealand units available for allocation under paragraph (b) in 2018.
(3) Despite subsection (2)(a)(i)(B), an allocation plan may only provide for an allocation of New Zealand units to one or the other, but not both, of the following persons:
(a) persons who are participants in respect of an activity listed in Part 5 of Schedule 3 or Part 5 of Schedule 4; or
(b) persons who are not participants in respect of an activity listed in Part 5 of Schedule 3, but who farm, raise, grow, or keep ruminant animals, pigs, horses, or poultry for reward or for the purpose of trade in those animals or in animal material or animal products taken or derived from those animals, or who purchase, other than for on-selling, synthetic fertiliser containing nitrogen.
Section 76: added, on 26 September 2008, by section 50 of the Climate Change Response (Emissions Trading) Amendment Act 2008 (2008 No 85).