What the official record says
This Act is the Land Transport (Clean Vehicle Standard) Amendment Act . This Act comes into force on . This Act amends the Land Transport Act 1998. Repeal section 167C(1)(j)(ii). Replace section 167C(1)(j)(iii) with: formulas for calculating targets; and Repeal section 175. In section 178(3), replace with . Repeal section 179(1). In section 180(1), replace with . In section 180(2), replace with . Replace section 180(3) with: If a transfer under subsection (1) or (2) involves a transfer between a carbon dioxide account relating to new vehicles and a carbon dioxide account relating to used vehicles, the transfer must be calculated as follows: each credit transferred from a carbon dioxide account relating to new vehicles is receipted into a carbon dioxide account relating to used vehicles