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Land Transport Act 1998

Clean vehicle standard - Clean vehicle standard - Category 2 light vehicle importers: obligations and ways of complying with targets

183: Category 2 light vehicle importer may bank overachievement of carbon dioxide emissions

You could also call this:

“Car importers can save extra credits for bringing in low-emission vehicles”

If you are a category 2 light vehicle importer and you bring in a vehicle that produces less carbon dioxide than the target set for you, you can save this extra achievement. You can put this saved achievement into your carbon dioxide account, following the rules set out in the regulations. This is called ‘banking’ your overachievement.

If you bank any credits this way, the same rules apply to them as described in Section 178(3) of this law. You can find more information about how these credits work by looking at that section.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS649434.

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182: Charges payable by category 2 light vehicle importer if emissions targets exceeded, or

"Fees for bringing in cars that make too much pollution"

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184: Category 2 light vehicle importer may transfer carbon dioxide credits, or

"You can share carbon credits with other car importers, but only if you both import the same type of cars (new or used)"

Part 13 Clean vehicle standard
Clean vehicle standard: Category 2 light vehicle importers: obligations and ways of complying with targets

183Category 2 light vehicle importer may bank overachievement of carbon dioxide emissions

  1. If the carbon dioxide emissions of a vehicle imported by a category 2 light vehicle importer are less than the category 2 light vehicle importer target in respect of that vehicle, the overachievement may be banked in the importer’s carbon dioxide account in accordance with the regulations.

  2. Section 178(3) applies to any credits banked under this section.

Notes
  • Section 183: inserted, on , by section 10 of the Land Transport (Clean Vehicles) Amendment Act 2022 (2022 No 2).