Stricter compliance associated with non-compliant transmissions of interest
Te Uru Rākau is to take a stricter compliance approach towards non-compliant transmissions of interest (transfers) of post-1989 forest registered in the Emissions Trading Scheme (ETS) that occur from 1 February 2019.
This stricter compliance approach may include penalties or prosecution.
Post-1989 forestry participants are required to notify Te Uru Rākau if they have bought, sold or transferred post-1989 forest land registered in the ETS.
Within 20 working days, both the new and existing participants must complete the transfer of participation form, and the existing participant must also complete a transmission emissions return.