Having consulted the Minister of Finance and having had regard to all the relevant matters, pursuant to section 68 of the Climate Change Response Act 2002, I direct the Registrar of the New Zealand Emission Unit Register to issue 29.5 million New Zealand Units (NZUs) into the Crown holding account in the New Zealand Emission Unit Registry by 1 April 2013.
I direct the Registrar to identify and "tag" 22.1 million NZUs as suitable for conversion to Assigned Amount Units (AAUs) and exportable, and "tag" 7.4 million NZUs as not being suitable for conversion to AAUs and exportable.
Dated at Auckland this 10th day of April 2013.
HON TIM GROSER, Minister for Climate Change Issues.