Climate Change (Prescribed Rate of Interest) Order 2010
2010/61
Climate Change (Prescribed Rate of Interest) Order 2010
Anand Satyanand, Governor-General
Order in Council
At Wellington this 22nd day of March 2010
Present:
His Excellency the Governor-General in Council
Pursuant to section 137(2)(a) of the Climate Change Response Act 2002, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.
Order
1 Title
This order is the Climate Change (Prescribed Rate of Interest) Order 2010.
2 Commencement
This order comes into force on 23 April 2010.
3 Rate of interest of 8.5% prescribed
This clause prescribes for the purposes of section 137 of the Climate Change Response Act 2002 the rate of 8.5% per year.
Martin Bell,
for Clerk of the Executive Council.
Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on 23 April 2010, prescribes the rate of interest for the purposes of section 137 of the Climate Change Response Act 2002.
Date of notification in Gazette: 25 March 2010.
This order is administered by the Ministry for the Environment.