What the official record says
This Act is the Climate Change Response (Auction Price) Amendment Act . This Act comes into force on . This Part amends the Climate Change Response Act 2002 (the ). After section 30GA(2), insert: If regulations are to be made under this section,— the Minister may recommend the making of regulations that provide for the Minister to set a methodology that the person who conducts an auction must use to calculate a minimum price that,— if the price is greater than the lowest trigger price prescribed under section 30GB(2)(e)(ii), must be recalculated as that trigger price (despite the initial calculation); and if the price (as recalculated or, if not, as initially calculated) is greater than the minimum price prescribed under section 30GB(2)(e)(iii), becomes the below which New Zealand unit