Climate Change Response (Extension of Penalty Transition for Forestry Activities with Low Volume Emissions Liabilities) Amendment Bill

Members, the House is in committee on the Climate Change Response (Extension of Penalty Transition for Forestry Activities with Low Volume Emissions Liabilities) Amendment Bill. We come first to clause 1. The question is that clause 1 stand part.

Thank you. Look, I’m pleased to be here for the committee stage of the Climate Change Response (Extension of Penalty Transition for Forestry Activities with Low Volume Emissions Liabilities) Amendment Bill. I’ll keep these remarks very brief.

Hon Member: So stop filibustering. Say that again.

Hon JAMES SHAW: I’m pleased to be here for the committee stage. This bill represents a simple and pragmatic approach to ensuring that small forestry participants in the New Zealand Emissions Trading Scheme continue to be safeguarded from the impacts of the three to one penalty if they fail to pay units on time while a revised and more proportionate penalty is finalised. A revised penalty is expected to take effect from 1 January 2025. This bill extends the current transitional arrangements for small forestry participants from 1 January 2023 until that date, ensuring for a smooth transition. This bill also ensures that there will be sufficient time for participants to be educated on what a revised penalty will mean in practice before it takes effect. I welcome any questions on this very short bill.

Clause 1 agreed to.

Clause 2 Commencement