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New Zealand Gazette – 2004 – No. 107

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✨ Commerce Act Notice

30 AUGUST 2004 NEW ZEALAND GAZETTE, No. 107 2670

COMMERCE ACT (ELECTRICITY INFORMATION DISCLOSURE REQUIREMENTS: NEW ODV HANDBOOK) NOTICE 2004

Pursuant to section 57T of the Commerce Act 1986

Background

The Electricity Information Disclosure Requirements 2004:

• were made by the Commerce Commission (the Commission) on 31 March 2004 and came into force on 1 April 2004; and

• were amended by the Electricity Information Disclosure Amendment Requirements 2004 that came into force on 8 May 2004.

The Electricity Information Disclosure Requirements 2004, as amended, are referred to in this notice as the Requirements.

The Requirements require large line owners and large electricity distributors (disclosing entities) to disclose information concerning their business as a line owner or as an electricity distributor. The Requirements apply to financial years ending in 2004 as well as to subsequent financial years.

The Requirements refer to an ODV Handbook which is issued from time to time by the Commission.

Notice of issue of new ODV Handbook

The Commission on 30 August 2004 issued a new ODV Handbook (the new ODV Handbook) replacing the earlier ODV Handbook. The new ODV Handbook is entitled “Handbook for Optimised Deprival Valuation of System Fixed Assets of Electricity Lines Businesses” and is dated 30 August 2004. It comes into effect from the commencement of 31 August 2004.

The new ODV Handbook:

• includes the ODV method (the method of valuation of assets known as optimised deprival valuation) which must, from the commencement of 31 August 2004, be used in preparing a valuation report under the Requirements; and

• is relevant, from the commencement of 31 August 2004, to the provision of certain other information under the Requirements.

VUW Te Waharoa — NZ Gazette 2004, No 107

Gazette.govt.nz — NZ Gazette 2004, No 107

Parliament House (depicted) was completed in 1918 and remains the primary seat of Parliament.

✨ LLM interpretation of page content

🏭 Electricity Information Disclosure Requirements: New ODV Handbook (continued from previous page)

Domain🏭 Trade, Customs & Industry
Dated30 August 2004
KeywordsCommerce Act, Electricity Information Disclosure, ODV Handbook

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