24985 (2026). Chlöe Swarbrick to the Minister of Finance

Written Question

Published date: 18 Jun 2026

Metadata

Document type:	Written Question
Parliament number:	54
Question number:	24985 (2026)
Question asked:	02 Jun 2026
Member asking:	Chlöe Swarbrick
Portfolio:	Minister of Finance
Minister replying:	Hon Nicola Willis
Answer received:	14 Jun 2026
Status:	Question Answered
Reply type:	Reply
Document ID:	WQ_24985_2026
Document guid:	4bbee868-4d3e-4861-8f88-2ea127e04499

24985 (2026). Chlöe Swarbrick to the Minister of Finance: How many New Zealand Units, if any, were forecast to be sold at auction in financial year 24/25?

Hon Nicola Willis: The Budget Economic and Fiscal Update 2024 forecast $779 million worth of units to be sold at auction in the 2024/25 financial year. Using the market price of $58.35 at 31 March 2024, this corresponds to 13,350,471 NZUs. ETS units sold by the Crown are recognised as a liability on the Crown’s balance sheet. Therefore, when auctions do not clear and cash is not received the expected liability is also not incurred, meaning the impact of the reduction in expected cash receipts is balance sheet neutral.