Guides
Guide to Surrender of Units
December 2011
This guide is for Primary Representatives who wish to surrender from a New Zealand Emission Unit Register (NZEUR) participant holding account to the Crown Surrender Account to meet all or part of their emissions obligations under the New Zealand Emissions Trading Scheme.
Preconditions
Access to a computer with internet access so as to navigate to www.eur.govt.nz
The approved participant holding account with sufficient units to enable the surrender of units to the Crown Surrender Account.
Make sure you read the Guide to Surrender of Units for background information on eligible units to surrender, and the step by step process to follow.
Key Points
For accounts where primary representatives have been assigned roles as preparers and approvers, surrender transactions must first be prepared by a preparer and then approved by an approver.
When surrendering units coming from numerous unit serial ranges in your account - only 75 different blocks of units may be selected in a single surrender transaction. Multiple surrender transactions can be completed to meet your full obligations.
This guide is based on the law at the date of issuance. The information in this guide does not alter the laws of New Zealand or other official guidelines or requirements. Readers of this guide should take specific advice from qualified professional people before undertaking any action following information received from this guide.
