Trade credits under CCS

Waka Kotahi has confirmed that credits under the clean car standard (CCS) will be able to be traded from June 1.

Both sellers and buyers of credits must be verified to be anti-money laundering (AML), advises the Imported Motor Vehicle Industry Association (VIA).

“If you want to trade credits contact the CCS team at the NZTA by email at CCSimporter@nzta.govt.nz to let them know you want trade credits and be AML verified,” says Malcolm Yorston, VIA’s technical manager.

“AML Solutions will then contact you and request photo ID and proof of address – passport and utilities invoice. Once you have provided this evidence, the NZTA will verify you as a trader within one to three business days.

“Used-vehicle credits can only be traded and used to offset used-vehicle penalties. Similarly, new-vehicle credits can only be used for new-vehicle penalties.”

All deferred penalties are due on June 1 and must be settled by June 21. The one-off payment by holders of pay-as-you-go accounts needs to cover the period from January 1, when the CCS was launched, to May 31. Credit-trading transactions are subject to GST.