14 DECEMBER NEW ZEALAND GAZETTE 4345

Notice of Confiscation of Motor Vehicles

The motor vehicles listed in the Schedule below were confiscated by the Porirua District Court on 8 December 2000, pursuant to section 84 of the Criminal Justice Act 1985.

Schedule

Make: Toyota
Model: Hilux SR5
Year: 1984
Registration No.: LW 4083
Owned by: Grant Anthony O’Dwyer

Make: Toyota
Model: Corona
Year: 1985
Registration No.: MC 68
Owned by: Ngatokona Teresa Wilson

D. AUPA’AU, Deputy Registrar.

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Crown Law Office

Judicature Act 1908

Corrigendum

Appointment of Temporary Judge of the High Court

Pursuant to section 11 of the Judicature Act 1908, His Excellency the Governor-General, in the name and on behalf of Her Majesty the Queen, has been pleased to appoint

John Maurice Priestley, Q.C., of Auckland

a temporary Judge of the High Court for a term of 12 months commencing on 21 November 2000.

Dated at Wellington this 16th day of November 2000.

MARGARET WILSON, Attorney-General.

This notice replaces the one published in the New Zealand Gazette on 30 November 2000, No. 160, page 4144.

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Economic Development

Commerce Act 1986

Statement to the Commerce Commission of the Economic Policy of the Government: Further Development of New Zealand’s Electricity Industry

To the Commerce Commission

Pursuant to section 26 of the Commerce Act 1986, I hereby transmit to the Commerce Commission a statement of the economic policy of the Government in relation to further development of self-regulation of New Zealand’s Electricity Industry.

The Government Policy Statement is set out below. Following the Government Policy Statement is a section revoking three previous section 26 statements.

GOVERNMENT POLICY STATEMENT—FURTHER DEVELOPMENT OF NEW ZEALAND’S ELECTRICITY INDUSTRY

The Ministerial Inquiry into the Electricity Industry reported to the Minister of Energy on 12 June 2000.

This statement of Government policy has been issued following consideration of the recommendations of the Inquiry. It supplants previous statements of Government policy on electricity.

Attachments to this statement deal with objectives and principles for the provision of transmission services, and management of electricity supply risk (“dry-year risk”).

Government’s policy objective for electricity

1. The Government’s overall objective is to ensure that electricity is delivered in an efficient, fair, reliable and environmentally sustainable manner to all classes of consumer.

2. To meet this objective, the Government favours industry solutions where possible, but is prepared to use regulatory solutions where necessary.

3. This Policy Statement sets out the Government’s expectations for industry action and its views on governance matters.

New self-regulatory arrangements: Guiding Principles

4. The Government wishes to see further evolution of self-regulatory arrangements.

5. The Government has established the following Guiding Principles for the evolution of these arrangements:

Guiding Principles for the electricity industry

The Government’s overall objective is to ensure that electricity is delivered in an efficient, fair, reliable and environmentally sustainable manner to all classes of consumer. Industry arrangements should promote the satisfaction of consumers’ electricity requirements in a manner which is least-cost to the economy as a whole and is consistent with sustainable development.

Consistent with this overall objective, the Government is seeking the following specific outcomes:

(a) energy and other resources are used efficiently and, in particular, hydro spill is minimised;

(b) risks relating to security of supply, in particular the risks of dry years and inadequate transmission and distribution security, are properly and efficiently managed;

(c) the full costs of producing and transporting each additional unit of electricity are signalled so that investors and consumers can make decisions consistent with obtaining the most value from electricity;

(d) delivered electricity costs and prices are subject to sustained downward pressure;