NEW ZEALAND GAZETTE, No. 83

26 MAY 2005

Electricity Commission

Electricity Act 1992

Notice of Making of a Recommendation and Assessment Concerning the Electricity Governance Rules 2003—Rule Amendment Proposal No. 65

This notice of a recommendation and assessment concerning the Electricity Governance Rules 2003 ("Rules"), Rule Amendment Proposal No. 65, is issued by the Electricity Commission ("Commission"), established under the Electricity Act 1992 ("Act"), pursuant to section 172E (2) (c) of that Act.

Section 172E (2) (c) provides that, no later than 10 working days after making a recommendation concerning the Rules to the Minister of Energy ("Minister"), the Commission must publicise the recommendation and the assessment completed under section 172F of the Act.

Recommendation

The Commission made a recommendation to the Minister on 19 May 2005 that Rule 2.1.5.1 of Section II of Part F of the Rules be amended.

The Commission further recommended that minor changes to the definitions of "Board" and "transmission pricing methodology" in Part A of the Rules be made, in reliance on section 172F (3).

Section 172F (3) provides that the Commission is not required to comply with section 172F (1) (which relates to carrying out an assessment) if it is satisfied that the effect of the recommendation is minor and will not adversely affect the interests of any person in a substantial way.

In reliance on section 172F (3), no such assessment has been carried out under section 172F (1) of the Act, for the recommended minor amendments to Part A.

Recommended Amendments to the Rules

The recommended amendment to Rule 2.1.5.1 of Section II of Part F would provide the Minister with the discretion to allow the Commission a longer period than 20 business days in which to complete its consideration of submissions relating to the structure of transmission agreements.

The first recommended amendment to Part A would change the definition of "Board" to reflect the Commission’s change of name from the "Electricity Governance Board" to the "Electricity Commission".

The second recommended amendment to Part A would change the definition of "transmission pricing methodology" to correct a typographical error. At present, the definition incorrectly refers to Section V of Part F and should instead refer to Section IV of Part F.

A copy of the Commission’s recommendation and assessment is available, at no cost, on the Commission’s web site:

http://www.electricitycommission.govt.nz/rulesandregs/recommend

Dated at Wellington this 19th day of May 2005.

For and on behalf of the Electricity Commission:

ROY HEMMINGWAY, Chair.
au3163

Land Transport New Zealand

Land Transport Act 1998

Notification of Ordinary Rule

Pursuant to section 161 (3) of the Land Transport Act 1998, notification is hereby given of the making of Land Transport Rule: Dangerous Goods 2005 (Rule 45001/1).

This rule will come into force on 27 June 2005.

Land Transport Rule: Dangerous Goods 2005 is available for inspection free of charge at the National Office of Land Transport New Zealand, 7-27 Waterloo Quay, Wellington, and for purchase from June 2005 at bookshops that sell legislation or direct from Wickliffe Limited, P.O. Box 932, Dunedin.

Dated at Wellington this 23rd day of May 2005.

NOEL MAURICE LEE, Acting Director of Land Transport.
au3266

Overseas Investment Commission

Overseas Investment Act 1973

Reappointment to the Overseas Investment Commission

Pursuant to section 3 (2) (a) of the Overseas Investment Act 1973, Her Excellency the Governor-General has been pleased to reappoint

Peter John Webb, company director, of Wellington

to be a member and chairperson of the Overseas Investment Commission for a term commencing on 1 June 2005 and expiring on 31 May 2006.

Dated at Wellington this 11th day of May 2005.

DR MICHAEL CULLEN, Minister of Finance.
au3162

Securities Markets Act 1988

Securities Markets Act 1988

The Authorised Futures Dealers Notice 2005

Pursuant to section 38 of the Securities Markets Act 1988, the Securities Commission gives the following notice.

Notice

1. Title, commencement and expiry—(1) This notice is the Authorised Futures Dealers Notice 2005.

   (2) This notice comes into force on 1 June 2005.

   (3) This notice expires on the close of 31 May 2010.

2. Interpretation—(1) In this notice, unless the context otherwise requires:

   "Act" means the Securities Markets Act 1988

   "Exchange" means New Zealand Exchange Limited

   "Rabobank" means Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.