Effective date: 30 May 2026. These are the current published terms for Carbon Trader® website and platform use.

Part 9 - Risk Disclosure Statement

1. Market risk

Carbon credit prices may rise or fall. NZU prices can be affected by regulation, auctions, market supply, forestry activity, demand, policy announcements, economic conditions and sentiment.

2. Liquidity risk

A buyer or seller may not be available at a desired price or time. Smaller, unusual, non-standard, international or high-risk credits may be less liquid.

3. Regulatory risk

ETS rules, voluntary-market rules, tax treatment, registry rules, claim guidance, international accounting, sanctions and financial services rules may change.

4. Credit quality risk

Carbon credits can vary in quality, permanence, additionality, vintage, verification, methodology, project performance, social impact, host-country treatment and reputational risk.

5. Claim risk

A credit may not support the environmental claim a buyer wants to make. Incorrect claims may create reputational, legal, customer, auditor or regulatory risk.

6. Registry and transfer risk

Registries may be unavailable, delayed, restricted, changed, suspended or subject to error. Transfer instructions must be checked carefully.

7. Settlement risk

Settlement risk is reduced through Carbon Trader-managed escrow, but no process eliminates all risk. There may be bank delays, registry delays, buyer default, seller default, AML/CFT holds, disputes or operational incidents.

8. Tax and accounting risk

Users must obtain their own tax and accounting advice. GST, income tax, financial reporting and valuation treatment may vary.

9. Technology risk

Platform outages, API errors, cyber incidents, incorrect user permissions, browser issues or third-party service failures may occur.