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ETS Compliance Guidelines Posted by the NZ EUR

17/2/2014

 
The NZ EUR have posted guidelines on compliance within the NZ ETS for participants. They have confirmed that the model used is similar to that employed by IRD for tax. This means penalties may be waived for innocent mistakes while a more heavy handed approach is to be used for participants that intentionally or recklessly non-comply. There is also a strong emphasis on voluntary disclosure. Read the guide here.
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