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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

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

You could also call this:

"Importers can swap carbon credits with others, following special rules."

Illustration for Land Transport Act 1998

You can transfer carbon dioxide credits to another importer's account. You must follow the regulations when doing this. If you transfer credits between new and used vehicle accounts, the credits are calculated differently. You get 2 credits in a used vehicle account for each credit from a new vehicle account. You get 1 credit in a new vehicle account for each 2 credits from a used vehicle account. The regulations explain how to do this. You can find more information about the regulations and the Land Transport Act 1998 on the New Zealand legislation website. The Land Transport (Clean Vehicle Standard) Amendment Act 2025 changed some of the rules about transferring credits. You can read about these changes on the legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS649435.

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

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

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"People who bring cars into New Zealand need a special account to track carbon dioxide"

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

184Category 2 light vehicle importer may transfer carbon dioxide credits

  1. A category 2 light vehicle importer who imports new vehicles may transfer carbon dioxide credits in their carbon dioxide account to the carbon dioxide account of a light vehicle importer who imports new vehicles or a light vehicle importer who imports used vehicles, in accordance with the regulations.

  2. A category 2 light vehicle importer who imports used vehicles may transfer carbon dioxide credits in their carbon dioxide account to the carbon dioxide account of a light vehicle importer who imports new vehicles or a light vehicle importer who imports used vehicles, in accordance with the regulations.

  3. If a transfer under subsection (1) or (2) involves a transfer between a carbon dioxide account relating to new vehicles and a carbon dioxide account relating to used vehicles, the transfer must be calculated as follows:

  4. each credit transferred from a carbon dioxide account relating to new vehicles is receipted into a carbon dioxide account relating to used vehicles as 2 credits:
    1. each set of 2 credits transferred from a carbon dioxide account relating to used vehicles is receipted into a carbon dioxide account relating to new vehicles as 1 credit.

      Notes
      • Section 184: inserted, on , by section 10 of the Land Transport (Clean Vehicles) Amendment Act 2022 (2022 No 2).
      • Section 184(1): amended, on , by section 11(1) of the Land Transport (Clean Vehicle Standard) Amendment Act 2025 (2025 No 73).
      • Section 184(2): amended, on , by section 11(2) of the Land Transport (Clean Vehicle Standard) Amendment Act 2025 (2025 No 73).
      • Section 184(3): replaced, on , by section 11(3) of the Land Transport (Clean Vehicle Standard) Amendment Act 2025 (2025 No 73).