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NZ AAUs will be swapped for NZUs in Mid-2016

4/11/2015

 
The Environmental Protection Authority (EPA) has confirmed that AAUs will be cancelled at some point in 2016, and that holders of NZ AAUs will receive replacement NZUs at a rate of one NZU for every one NZ AAU after the cancellation.

The EPA has also confirmed that NZUs replacing AAUs from Permanent Forest Sink Initiative forests will be marked as PFSI NZUs in the NZ EUR registry.

Read more at the EPA website here.

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