New Zealand Gazette – 2004 – No. 81

Page 2029

✨ Commerce Act Notice



30 JUNE 2004 NEW ZEALAND GAZETTE, No. 81 2029

but the threshold compliance statement and auditor’s report need not state
whether the Commission is satisfied as to the matters referred to in paragraph
(a).

(3) Under (and without limiting) section 57U of the Act, Transpower is—

(a) required to supply to the Commission, under subsection (1)(a) of that
section, a copy of each statement and document disclosed under subclause
(1); and

(b) requested to supply to the Commission, under subsection (1)(b) of that
section, the auditor’s report referred to in subclause (1)(b)—

within 5 working days after the statement is first so disclosed.

(4) Transpower need not include in a statement under subclause (1) any information
that it considers is commercially sensitive if—

(a) it has given the information concerned to the Commission and advised the
Commission in writing of the reasons for the exclusion; and

(b) that information is covered by the auditor’s report required under subclause
(1)(b) and the certificate required under subclause (1)(c); and

(c) the Commission has not objected to the exclusion of the information.

(5) An auditor’s report given for the purposes of subclause (1)(b) may be qualified
only if—

(a) the auditor considers that the threshold compliance statement concerned—
(i) fails to comply with this clause 7; or
(ii) fails to give a true and fair view of the matters to which it relates
(having regard to any information or explanations that may have been
provided by the directors of Transpower); and

(b) the auditor’s report explains with full reasons the respects in which the
statement so fails.

(6) Under (and without limiting) section 57U of the Act—

(a) Transpower must supply to the Commission, within the period specified by
the Commission, all further statements, reports, agreements, particulars, or
other information requested by the Commission in writing under that section; and



Next Page →



Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2004, No 81


Gazette.govt.nz — PDF NZ Gazette 2004, No 81




✨ LLM interpretation of page content

🏭 Commerce Act (Transpower Thresholds) Notice 2004 (continued from previous page)

🏭 Trade, Customs & Industry
Commerce Act, Transpower, Thresholds, Notice, Definitions, Pass-through costs, Public disclosure, Rates, Revenue, Specified services